EURUSD Weekly Analysis – July 2, 2017

EURUSD’s bullish movement from 1.0340 extended to as high as 1.1445, facing the 1.1450 key resistance. A clear break above this level will trigger a long term bullish movement towards 1.2700. Near term support is at the rising trend line on its daily chart, as long as the trend line support holds, the uptrend will continue. Key support is at 1.1109, only a breakdown below this level could signal completion of the uptrend.

EURUSD daily chart