EURUSD Weekly Analysis – June 10, 2017

EURUSD’s bullish movement from 1.0569 extended to as high as 1.1285. Near term support is at the ascending trend line on its daily chart. As long as the pair is above the trend line, the bullish move could be expected to continue, and next target would be at around 1.1450 area. Key support is at 1.1070, only a breakdown below this level will indicate that the bullish movement had completed at 1.1285 already, then the pair will find support at around 1.1000.

EURUSD daily chart