EURUSD Daily Analysis – March 1, 2018

EURUSD extended its downside movement from 1.2555 to as low as 1.2183, facing the support level at 1.2165. Further decline would likely be seen and a breakdown below 1.2165 support could take price to 1.2000 area. Near term resistance is at 1.2245, only break above this level could bring price back towards next resistance level at 1.2360.

EURUSD 4-hour chart