EURUSD Weekly Analysis - June 12, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 12 June 2016 14:15 UTC
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517. Key support is now at 1.1097, 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 1.1097 support level will indicate that the uptrend had completed at 1.1616 already, then the following downward movement could bring price back to 1.0000 zone.

eurusd chart

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