EURUSD Weekly Analysis – June 14, 2015

EURUSD remains in uptrend from 1.0462. Further rise to re-test 1.1533 resistance would likely be seen, a break of this level will confirm that the long term downtrend from 1.3993 (May 8, 2014 high) is complete, 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