EURUSD Weekly Analysis – October 18, 2015

EURUSD remains in short term downtrend from 1.1713, the rise from 1.1087 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1495 and 1.1713, only break above these levels could trigger anther rise towards 1.2500.

eurusd chart