EURUSD Daily Analysis – September 20, 2016

EURUSD is in downtrend from 1.1326. Further decline to test 1.1123 support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1200, only break above this level could bring price back to 1.1400 zone.

eurusd chart