EURUSD Weekly Analysis - August 9, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 09 August 2015 07:15 UTC
EURUSD continued its sideways movement in a range between 1.0808 and 1.1467. Another rise to test 1.1467 resistance would likely be seen, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.2500 area. Support is at 1.0808, only break below this level will indicate that the pair remains in long term downtrend from 1.3993 (May 8, 2014 high), then the following downward movement could bring price to 1.0000 area.

eurusd chart

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