EURUSD Weekly Analysis – April 19, 2020

EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.1496 and another fall towards 1.0400 could be expected after the consolidation, only break above 1.1147 resistance could trigger another rise towards 1.1500.

EURUSD daily chart