EURUSD Daily Analysis – March 5, 2020

EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1213 could be treated as consolidation for the uptrend from 1.0778, and further rise to 1.1250 area is still possible after the consolidation. Key support is at 1.1095, a breakdown below this level could bring the price back to 1.1000 area.

EURUSD 4-hour chart