EURUSD Daily Analysis – February 27, 2017

EURUSD stays in the downward price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 1.0400 area is still possible. Key resistance is at 1.0679, only break above this level could signal completion of the downtrend.

eurusd chart