EURUSD extended its upside movement from 1.0778 to as high as 1.1006. Further rise is still possible after a minor consolidation and next target would be at 1.1050 area. Near term support is at 1.0950, a break below this level could bring the price back towards the rising trend line on the 4-hour chart.
![EURUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200228_EURUSD_1.png)