EURUSD Weekly Analysis – September 17, 2017

EURUSD remains in uptrend from 1.0569, the fall from 1.2092 is likely consolidation of the uptrend. Next support is at the bottom trend line of the price channel on the daily chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.2165, followed by 1.2700. On the downside, a clear break below the channel support could indicate that consolidation for the uptrend from 1.0340 is underway, then the pair would find next support level at 1.1662.

EURUSD daily chart