EURUSD Daily Analysis – April 5, 2018

EURUSD is facing 1.2239 support. A breakdown below this level could trigger further downside movement towards 1.2155. Resistance is at 1.2345, above this level would suggest that the short term downtrend from 1.2476 is complete, then another rise towards 1.2555 could be seen.

EURUSD 4-hour chart