EURUSD Daily Analysis – March 8, 2019

EURUSD extended its downside movement from 1.1419 to as low as 1.1176, breaking below 1.1234 previous low support. Further decline is still possible after a minor consolidation and next target would be at 1.1100 area. Resistance is at 1.1250, only a break of this level could signal completion of the downtrend.

EURUSD 4-hour chart