EURUSD Weekly Analysis – June 23, 2019

EURUSD broke above 1.1347 resistance, suggesting that the downtrend from 1.1570 had completed at 1.1106 already. Further rally could be expected in the coming days and next target would be at 1.1550 area. Support is at the rising trend line on the daily chart, only a breakdown below the trend line support could trigger another fall towards 1.1000.

EURUSD daily chart