EURUSD - Technical Analysis: Thursday, 12/03/2015 06:08 GMT

The extended target at 1.0500 was achieved, and the EURUSD moves within clear bearish track that offers signals on continuing the decline on the long term basis, as we are waiting to head towards 1.0000 in the upcoming period.

The exponential moving averages 50 and 100  continue to provide support to the bearish wave, and the price might have to show some temporary sideways fluctuation affected by the positivity that appear on stochastic and MACD.