EURUSD Weekly Analysis – April 28, 2019

EURUSD broke below 1.1176 support and extended its downside movement from 1.1570 to as low as 1.1110. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Near term resistance is at 1.1200, only a break of this level could bring the price back towards 1.1450.

EURUSD daily chart