The EUR/USD pair has been trading lower since Thursday, the 17th of March 2016, with the price moving from as high as 1.1341 to as low as 1.1235.
During the course of the day, the currency pair price trade between the levels of 1.1284 and 1.1235. In the event that the price breaks above 1.1276, the pair could reach 1.3001 and 1.1341 respectively.
Alternatively, in the scenario where the sellers manage to force the pair to break below 1.1143, the price could decelerate down to 1.1082 and 1.1020 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.