EURUSD Daily Analysis – February 28, 2018

EURUSD broke below 1.2259 support and extended its downside movement from 1.2555 to as low as 1.2221. Further decline is still possible and next target would be at 1.2165 support. Resistance levels are at 1.2300 and 1.2360, only break above these levels could signal completion of the downtrend.

EURUSD 4-hour chart