EURUSD Weekly Analysis – November 13, 2016

EURUSD broke below 1.0851 support, indicating that the downtrend from 1.1616 has resumed. Further decline to test 1.0517 (Dec 3, 2015 low) support could be expected over the next several weeks. Resistance is at 1.1150, only break above this level could trigger anther rise towards 1.1500.

eurusd chart