EURUSD Weekly Analysis – September 1, 2019

EURUSD broke below 1.1026 support and extended its downside movement from 1.1412 to as low as 1.0963. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 1.0800 area. Near term resistance is at 1.1050, above this level could bring the price back towards the trend line.

EURUSD daily chart