EURUSD Weekly Analysis – October 9, 2016

EURUSD remains in uptrend from 1.0911, the fall from 1.1366 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.2000 area. Support is at 1.1050, only break below this level could bring price back to 1.0600 zone.

eurusd chart