EURUSD Weekly Analysis – September 3, 2017

EURUSD extended its bullish movement from 1.0569 to as high as 1.2070. Further rise is still possible in a couple of weeks and next target would be at 1.2165, followed by 1.2700. Near term support is at the bottom support trend line of the price channel on the daily chart, as long as the channel support holds, the uptrend will continue. The key support is at 1.1662, only a breakdown below this level could signal completion of the uptrend.

EURUSD daily chart