EURUSD Weekly Analysis – April 5, 2020

EURUSD remains in the downtrend from 1.1496, the bounce from 1.0635 is likely corrective consolidation for the downtrend. Further decline is possible after the consolidation and next target would be at 1.0400 area. Resistance is at 1.1147, only break above this level could trigger another rise towards 1.1500.

EURUSD daily chart