EURUSD Weekly Analysis – September 15, 2018

EURUSD remains in the downtrend from 1.2555, the price action from 1.1510 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 1.1525 support could take the price towards 1.1300, below here would aim 1.1000 zone. Key resistance is at 1.1851, only a breakout of this level could signal completion of the downtrend.

EURUSD daily chart