EURUSD Weekly Analysis – April 15, 2018

EURUSD stays in a trading range between 1.2154 and 1.2555. The key support is at 1.2154, as long as this level holds, the price action in the range could be treated as consolidation for the uptrend from 1.1554 and another rise towards 1.3000 is still possible after the consolidation. On the downside, a breakdown below 1.2154 support would suggest that lengthier consolidation for the uptrend from 1.0340 (Jan 3, 2017 low) is underway, then next target would be at 1.2050, followed by 1.1700.