EURUSD Daily Analysis – March 26, 2019

EURUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.1273 could be treated as consolidation for the downtrend from 1.1448, further decline towards 1.1200 is still possible after the consolidation. On the upside, a breakout of the trend line resistance would suggest that the downside movement had completed at 1.1273 already, then another rise towards 1.1400 could be seen.

EURUSD 4-hour chart