EURUSD Daily Analysis – March 1, 2019

EURUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1234. As long as the price is in the channel, the pullback from 1.1419 could be treated as consolidation for the uptrend. Further rise is still possible after the consolidation and next target would be at 1.1450 area. Key support is now at 1.1345, only a breakdown below this level could signal completion of the uptrend.

EURUSD 4-hour chart