EURUSD Weekly Analysis – Sunday, Oct. 4

EURUSD’s fall from 1.2010 extended to as low as 1.1612. A deeper decline is still possible next week and the next target would be at 1.1500, followed by 1.1350.

EURUSD’s fall from 1.2010 extended to as low as 1.1612. A deeper decline is still possible next week and the next target would be at 1.1500, followed by 1.1350.

Near term resistance is at 1.1800, a breakout of this level could trigger another upside movement towards 1.2300.

EURUSD daily chart

 

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