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EURUSD Weekly Analysis – August 27, 2017

After consolidation, EURUSD extended its bullish movement to as high as 1.1941, suggesting that the uptrend from 1.0569 has resumed. Further rise could be expected in a couple of weeks, and next target would be at 1.2165 area. Key support is now at 1.1662, only a breakdown below this level could signal completion of the uptrend.

EURUSD daily chart

Author ForexCycle.comPosted on August 27, 2017Categories Long Term Forex AnalysisTags EURUSD

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