EURUSD Weekly Analysis – October 13, 2019

EURUSD broke above the bearish price channel on the daily chart. Further rise to test 1.1109 resistance is possible next week, above this level would indicate that the downtrend from 1.1412 had completed at 1.0879 already, then further rise to 1.1250 area could be seen. Support is at 1.0950, below this level could trigger another fall towards 1.0750.

EURUSD daily chart