EURUSD Daily Analysis – March 26, 2020

EURUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally would likely be seen in a couple of days and next target would be at 1.1050 area. Near term support is at 1.0800, only break below this level could trigger another fall towards 1.0600.

EURUSD 4-hour chart