EURUSD Weekly Analysis – September 13, 2020

EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the price action in the trading range between 1.1695 and 1.2010 could be treated as consolidation for the uptrend and further rise towards 1.2200 area is still possible after the consolidation. Key support is at 1.1695, only a breakdown below this level could bring the price back to 1.1300 zone.

EURUSD daily chart