EURUSD Weekly Analysis – December 4, 2016

Being contained by 1.0462 (Mar 13, 2015 low) support, EURUSD rebounded from 1.0518. However, the rise is likely consolidation of the downtrend from 1.1299, further decline to test 1.0462 support is still possible. Resistance levels are at 1.0700 and 1.8200, only break above these levels could bring price back to 1.1500 zone.

eurusd chart