EURUSD Weekly Analysis - October 16, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 October 2016 12:55 UTC
EURUSD's downward movement from 1.1366 extended to as low as 1.0970. Further decline could be expected in a couple of weeks, and next target would be at 1.0700 area. Resistance is at 1.1150, only break above this level could trigger another rise towards 1.2000.

eurusd chart

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