EURUSD Weekly Analysis – September 29, 2019

EURUSD broke below 1.0925 support, suggesting that the downtrend from 1.1412 has resumed. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next target would be at 1.0750 area. Key resistance is at 1.1109, only break above this level could signal completion of the downtrend.

EURUSD daily chart