EURUSD Weekly Analysis – February 11, 2018

EURUSD is now facing the support of the rising trend line on the daily chart. As long as the price is above the trend line, the pulled back from 1.2537 could be treated as consolidation of the uptrend from 1.1554 and another rise towards 1.2700 is still possible after the consolidation. Resistance levels are at 1.2360 and 1.2537, above these levels could signal resumption of the uptrend. The key support is at 1.2165. A breakdown below this level would indicate that the uptrend had completed at 1.2537 already, then the pair would find next support at 1.1915.

EURUSD daily chart