EURUSD Weekly Analysis - March 13, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 March 2016 07:01 UTC
No changed in our view, EURUSD is in uptrend from 1.0517, the fall from 1.1376 is likely consolidation of the uptrend. Key support is at 1.0700, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2000 area. On the downside, a breakdown below 1.0700 support will indicate that the uptrend had completed at 1.1376 already, then the following downward movement could bring price to 1.0000 zone.

eurusd chart

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