EURUSD Weekly Analysis – July 22, 2017

EURUSD broke above 1.1450 key resistance and reached as high as 1.1682, confirming the double bottom pattern on the weekly chart. As long as the pair is above the rising trend line on the daily chart, the bullish movement could be expected to continue and next target would be at 1.2000 area. Key support is at 1.1312, only a breakdown below this level could being price back into 1.1100 zone.

EURUSD daily chart