EURUSD Weekly Analysis – September 8, 2018

EURUSD moved sideways in a trading range between 1.1301 and 1.1851. As long as 1.1851 resistance holds, the price action in the trading range would possibly be consolidation for the downtrend from 1.2555 and another fall towards 1.1000 is still possible after the consolidation. Only a breakout of 1.1851 resistance could signal completion of the downtrend.

EURUSD daily chart