EURUSD Weekly Analysis – August 23, 2015

EURUSD is facing 1.1467 resistance, a break of this level will confirm that the uptrend from 1.0462 has resumed, then next target would be at 1.2500 area. Near term support is at 1.1100, only break below this level will indicate that lengthier consolidation for the uptrend is needed, then another fall to 1.0800 area could be seen.

eurusd chart