EURUSD Weekly Analysis – July 14, 2019

EURUSD broke below the rising trend line on the daily chart and is now in the downtrend from 1.1412. Deeper decline to test 1.1106 support would likely be seen, a breakdown below this level could trigger further downside movement towards 1.1000. Near term resistance is at 1.1300, a break of this level could bring the price back towards 1.1500.

EURUSD daily chart