EURUSD Daily Analysis – March 24, 2020

EURUSD is facing 1.0831 resistance, a break of this level could trigger further upside movement towards the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could be treated as consolidation for the downtrend from 1.1496, another fall towards 1.0500 could be expected after the consolidation.

EURUSD 4-hour chart