EURUSD Weekly Analysis – June 17, 2017

EURUSD broke below the rising trend line on the daily chart. However, as long as the pair is above 1.1070 support, the fall from 1.1295 could be treated as consolidation of the uptrend from 1.0569, and another rise towards 1.1450 is still possible after the consolidation. On the downside, a breakdown below 1.1070 support will indicate that the uptrend had completed at 1.1295 already, then the pair will find support in 1.0850 – 1.1000 area.

EURUSD daily chart