EURUSD Weekly Analysis – Sunday, August 2

EURUSD stays above a rising trend line on the daily chart, and remains in the uptrend from the 1.0635 area. As long as the trend line support holds, the upside movement could be expected to continue, and the next target would be around the 1.2100 area.

Near term support is at 1.1700, and a breakdown below this level could bring the price back towards the trend line.

EURUSD daily chart

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