EURUSD Daily Analysis – February 28, 2020

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