EURUSD Weekly Analysis – December 31, 2017

EURUSD broke above 1.1961 resistance. Further rise to test 1.2092 resistance could be seen next week. A breakout of this level will confirm that the uptrend from 1.0340 (Jan 3 low) has resumed, then the following upside movement could take price to 1.2500 area. Near term support is at the bullish trend line on the daily chart. Only a clear break below the trend line support could bring price back to test 1.1713 support. Below here would aim 1.1554 support.

EURUSD daily chart