EURUSD Daily Analysis – March 12, 2020

EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0778 had completed at 1.1496 already. Further decline would likely be seen in a couple of days and next target would be at 1.1150 area. Resistance is at 1.1370, only break above this level could trigger another rise towards 1.1500.

EURUSD 4-hour chart