EURUSD Daily Analysis – March 15, 2019

EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1338 could be treated as consolidation for the uptrend from 1.1176, further rise to 1.1400 area is still possible after the consolidation. However, a breakdown below the trend line support would indicate that the upside movement had completed at 1.1338 already, then the pair would find next support level at around 1.1230.

EURUSD 4-hour chart