EURUSD Weekly Analysis – June 3, 2017

EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1285. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish move could be expected to continue and next target would be at around 1.1450. On the downside, a clear break below the trend line support will indicate that consolidation for the longer term uptrend from 1.0340 is underway, then the pair will find support at around 1.0950.

EURUSD Daily Chart