EURUSD Daily Analysis – March 3, 2017

EURUSD is facing 1.0493 support, a breakdown below this level will signal resumption of the downtrend from 1.0828, then next target would be at 1.0400 area. Near term resistance is at 1.0550, only break above this level could bring price back to test the resistance of the top of the channel on 4-hour chart.

eurusd chart