EURUSD Weekly Analysis – April 26, 2020

EURUSD’s fall from 1.1147 extended to as low as 1.0727. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 1.0635 support. On the upside, a breakout of the trend line resistance would indicate that the fall from 1.1147 is complete, then another rise towards 1.1147 resistance could be seen.

EURUSD daily chart