EURUSD Weekly Analysis – June 16, 2019

After touching the bearish trend line on the daily chart, EURUSD pulled back from 1.1347, indicating that the pair remains in the downtrend from 1.1570. Further decline could be expected in a couple of weeks and next target would be at 1.1000 area. Key resistance is now at 1.1347, only break above this level could signal completion of the downtrend.

EURUSD daily chart