EURUSD Daily Analysis – March 7, 2019

EURUSD remains in the downtrend from 1.1419, the bounce from 1.1285 is likely consolidation for the downtrend. Resistance is at 1.1340, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.1250 area. Only a break of 1.1340 resistance could signal completion of the downtrend.

EURUSD 4-hour chart