EURUSD Daily Analysis – March 17, 2020

EURUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.1055 already. Further rally would likely be seen in the coming days and a break of 1.1236 resistance could take the price to 1.1350 area. Near term support is at 1.1090, only break below this level could trigger another fall towards 1.0900.

EURUSD 4-hour chart