EURUSD Weekly Analysis – November 22, 2015

EURUSD is facing 1.0462 (Mar 13 low) support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then next target would be at 1.0000 area. Resistance is at 1.0900, only break above this level could indicate that lengthier consolidation for the long term downtrend is underway, then another rise towards 1.2000 could be seen.

eurusd chart