EURUSD Weekly Analysis – May 27, 2017

EURUSD remains in uptrend from 1.0569, the fall from 1.1268 could be treated as consolidation of the uptrend. Near term support is at the rising trend line on daily chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at around 1.1450. Only a clear break below the trend line support will indicate that the bullish movement had completed at 1.1268 already, then the following bearish movement could take price back into 1.0900 zone.

EURUSD Daily Chart
EURUSD Daily Chart