EURUSD Weekly Analysis – May 20, 2017

EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1211. Support is at the ascending trend line on daily chart. As long as the pair is above the trend line, the upward movement could be expected to continue and next target would be at around 1.1400. Only a clear break below the trend line support could signal completion of the uptrend.

EURUSD chart