EURUSD Weekly Analysis – July 7, 2019

EURUSD broke below the rising trend line on the daily chart, suggesting that the bounce from 1.1106 had completed at 1.1412 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.1106 previous low, followed by 1.1000. Resistance is at 1.1270, only break above this level could trigger another rise towards 1.1500.

EURUSD daily chart