EURUSD Daily Analysis – March 6, 2020

EURUSD extended its upside movement from 1.0778 to as high as 1.1244, breaking above 1.1213 resistance. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1300 area. Key support is at 1.1095, only break below this level could signal completion of the uptrend.

EURUSD 4-hour chart