EURUSD Weekly Analysis – June 8, 2019

EURUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.1570 had completed at 1.1106 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.1500 area. Near term support is at 1.1220, only a breakdown below this level could trigger another fall towards 1.1100.

EURUSD daily chart