EURUSD Daily Analysis – March 11, 2019

EURUSD remains in the downtrend from 1.1419, the bounce from 1.1176 is likely consolidation for the downtrend. As long as 1.1250 resistance holds, the downside movement could be expected to continue and next target would be at 1.1100 area. Only a break of 1.1250 resistance could signal completion of the downtrend.

EURUSD 4-hour chart