EURUSD Weekly Analysis - June 7, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 June 2015 07:53 UTC
EURUSD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.0462. Further rise to re-test 1.1533 resistance is possible next week, a break of this level will confirm that the long term downtrend from 1.3993 (May 8, 2014 high) had completed at 1.0462 already, then the following upward movement could bring price to 1.3000 area. Support is at 1.0819, only break below this level could trigger another fall towards 1.0000.

eurusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.