EURUSD Daily Analysis – February 24, 2020

EURUSD broke above 1.0821 resistance, suggesting that the downside movement from 1.1095 had completed at 1.0778 already. Range trading between 1.0778 and 1.0900 would likely be seen over the next several days. Support is at 1.0778, only a breakdown below this level could trigger another fall towards 1.0700.

EURUSD 4-hour chart