EURUSD Daily Analysis – March 11, 2015

EURUSD’s downward movement from 1.1450 extended to as low as 1.0667. Resistance is now at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0500 area. On the upside, a break of 1.0900 resistance will indicate that the downtrend from 1.1450 is complete, then the pair will find resistance around 1.1000.

eurusd chart