EURUSD Daily Analysis – March 30, 2020

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally is still possible after a minor consolidation and next target would be at 1.1260 area. Near term support is at 1.1065, a breakdown below this level could bring the price towards the rising trend line.

EURUSD 4-hour chart