EURUSD Weekly Analysis – November 15, 2015

EURUSD’s downward movement extended to as low as 1.0674. Near term resistance is at 0.0900, as long as this level holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13 low) support is possible. Key resistance is at 1.1100, only break above this level could signal completion of the downtrend.

eurusd chart