EURUSD Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:38 UTC
EURUSD remains in uptrend from 1.0822, the fall from 1.1464 is likely consolidation of the uptrend. Support is at 1.1100, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.2000 area. On the downside, a breakdown below 1.1100 support will indicate that the uptrend had completed at 1.1464 already, then deeper decline to test the support of the upward trend line could be seen.

eurusd chart

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