EURUSD Weekly Analysis – April 22, 2018

EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. The sideways move is likely consolidation for the uptrend from 1.1554. As long as 1.2154 support holds, the uptrend could be expected to resume and a breakout of 1.2555 resistance could trigger another bullish movement towards 1.3000. On the downside, a breakdown below 1.2154 support could bring price back to next support level at 1.2050. Below here would aim 1.1700.

EURUSD daily chart