EURUSD Weekly Analysis – July 3, 2016

EURUSD is now in downtrend from 1.1616, the bounce from 1.0911 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance is at 1.1440, only break above this level could trigger another rise towards 1.2000.

eurusd chart