EURUSD Weekly Analysis – February 18, 2018

EURUSD broke above 1.2537 resistance and extended its upside movement from 1.1554 to as high as 1.2555. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.2700 area. On the downside, a breakdown below the trend line support could take price back to test 1.2165 key support. Below this level would suggest that the uptrend is complete, then the pair would find next support level at 1.1915.

EURUSD daily chart