EURUSD Daily Analysis – March 9, 2020

EURUSD continued its upside movement from 1.0778 and the rise extended to as high as 1.1496. Further rise could be expected after a minor consolidation and next target would be at 1.1600 area. Near term support is at 1.1380, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

EURUSD 4-hour chart