EURUSD Daily Analysis – March 5, 2019

EURUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.1234 had completed at 1.1419 already. Further decline could be expected in the coming days, and next target would be at 1.1250 area. Resistance is at 1.1360, only break above this level could trigger another rise towards 1.1400.

EURUSD 4-hour chart