EURUSD Weekly Analysis – November 27, 2016

EURUSD is facing 1.0462 (Mar 13, 2015 low) support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then next target would be at 0.9000 area. Resistance levels are at 1.0700 and 1.8200, only break above these levels could price back to 1.1500 zone.

eurusd chart