EURUSD Daily Analysis – March 20, 2020

EURUSD extended its downside movement from 1.1496 to as low as 1.0652, breaking below 1.0778 support. Further decline is still possible after a minor consolidation and next target would be at 1.0600 area. Near term resistance is at 1.0820, a break of this level could bring the price back towards the falling trend line on the 4-hour chart.

EURUSD 4-hour chart