EURUSD Daily Analysis – March 3, 2015

EURUSD remains in downtrend from 1.1450. Further decline to test 1.1097 support is possible, a breakdown this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement could bring price to 1.0500 area.

eurusd chart