EURUSD Weekly Analysis – October 4, 2020

EURUSD’s fall from 1.2010 extended to as low as 1.1612. Deeper decline is still possible next week and next target would be at 1.1500, followed by 1.1350. Near term resistance is at 1.1800, a breakout of this level could trigger another upside movement towards 1.2300.

EURUSD daily chart