EURUSD Daily Analysis – March 21, 2018

EURUSD extended its downside movement from 1.2446 to as low as 1.2239. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2155 support. On the upside, a breakout of the trend line resistance would indicate that the downtrend is complete, then another rise towards 1.2555 previous high could be seen.

EURUSD 4-hour chart