EURUSD Weekly Analysis – October 4, 2015

EURUSD remains in downtrend from 1.1713, the rise from 1.1087 is likely consolidation of the downtrend. Deeper decline is possible after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1460 and 1.1713, only break above these levels could trigger anther rise towards 1.2500.

eurusd chart