EURUSD Daily Analysis – March 23, 2020

EURUSD’s downside movement from 1.1496 extended to as low as 1.0635. 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 1.0600 area. Near term resistance is at 1.0831, a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart