EURUSD Daily Analysis – March 12, 2019

EURUSD broke above 1.1250 resistance, suggesting that the downside movement from 1.1419 had completed at 1.1176 already. Further rally could be expected in the coming days and next target would be at 1.1300 area. Support is at 1.1220, only break below this level could trigger another fall towards 1.1100.

EURUSD 4-hour chart