EURUSD Daily Analysis – September 23, 2016

EURUSD failed to break below 1.1123 support. Sideways movement in a range between 1.1123 and 1.1326 would likely be seen over the next several days. Support is at 1.1123, a breakdown below this level will signal resumption of the downtrend from 1.1366, then next target would be at 1.1000. Resistance is at 1.1326, only break above this level could trigger another rise towards 1.1400.

eurusd chart