EURUSD Daily Analysis – March 27, 2018

EURUSD extended its upside movement from 1.2239 to as high as 1.2461, breaking above 1.2446 resistance. Further rise is still possible in a couple of days and next target would be at 1.2555 resistance. Support is now located at the rising trend line on the 4-hour chart, only a clear break below the trend line support could trigger another fall towards 1.2155 support.

EURUSD 4-hour chart