EURUSD Weekly Analysis – November 6, 2016

EURUSD broke above 1.1060 resistance, indicating that the downward movement from 1.1366 had completed at 1.0851 already. Further rally could be expected, and next target would be at 1.1500 area. Support is at 1.0851, only break below this level could trigger another fall towards 1.0500.

eurusd chart