EURUSD Daily Analysis – March 28, 2019

EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1448. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1200 area. On the upside, a breakout of the trend line resistance would indicate that consolidation for the downtrend is underway, then further rally towards 1.1330 could be seen.

EURUSD 4-hour chart