EURUSD Weekly Analysis – November 24, 2018

EURUSD remains in the downtrend from 1.1815, the bounce from 1.1215 is likely consolidation for the downtrend. As long as 1.1500 key resistance holds, the downside movement could be expected to continue and next target would be at 1.1100 area. Only a breakout of 1.1500 resistance would indicate that the downside movement had completed at 1.1215 already, then another rise towards 1.1700 could be seen.

EURUSD daily chart