EURUSD Weekly Analysis – September 27, 2020

EURUSD broke below 1.1695 support, suggesting that the upside movement from 1.0635 had completed at 1.2010 already. Deeper decline would likely be seen and next target would be at 1.1500, followed by 1.1300. Near term resistance is at 1.1800, only break above this level could trigger another rise towards 1.2300.

EURUSD daily chart