EURUSD Daily Analysis – March 19, 2020

Being contained by 1.0778 support, EURUSD rebounded from 1.0801. As long as the price is below the bearish trend line on the 4-hour chart, the bounce could be treated as consolidation for the downtrend from 1.1496, another fall to retest 1.0778 support is possible, a breakdown below this level would aim 1.0700 area. Only break above the trend resistance could signal completion of the downtrend.

EURUSD 4-hour chart