EURUSD Daily Analysis – March 18, 2020

EURUSD extended its downside movement from 1.1496 to as low as 1.0955. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.0900 area. Key resistance is at 1.1236, only break above this level could signal completion of the downtrend.

EURUSD 4-hour chart