EURUSD Weekly Analysis – September 8, 2019

EURUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.1412. As long as the channel resistance holds, the bounce from 1.0925 could be treated as consolidation for the downtrend, further decline to 1.0800 area could be expected after the consolidation, only break above the channel resistance could signal completion of the downtrend.

EURUSD daily chart