EURUSD Daily Analysis – March 29, 2018

EURUSD broke below the channel support and extended its downside movement from 1.2476 to as low as 1.2300. Further decline could be expected and next target would be at 1.2239 support. Below this level could take price to next support level at 1.2155. Resistance is at 1.2345, only a break of this level could trigger another rise towards 1.2555.

EURUSD 4-hour chart