EURUSD Daily Analysis – March 27, 2019

EURUSD extended its downside movement from 1.1448 to as low as 1.1257. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1200 area. Key resistance is at 1.1331, only a break of this level could signal completion of the downtrend.

EURUSD 4-hour chart