EURUSD Weekly Analysis – June 25, 2017

EURUSD is forming a sideways movement in a trading range between 1.1070 and 1.1295. Key support is at 1.1070, as long as this level holds, the price action in the trading range 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 lengthier consolidation for the longer term uptrend from 1.0340 is underway, then the pair will find support at around 1.0800.

EURUSD daily chart