EURUSD Weekly Analysis – October 6, 2019

EURUSD stays in a bearish price channel on the daily chart and remains in the downtrend from 1.1412. As long as the channel resistance holds, 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 bring the price back towards 1.1250.

EURUSD daily chart