EUR/USD Weekly Analysis – Sunday, Dec. 30

EUR/USD is facing 1.1500 resistance, and a breakout of this level could trigger further upside movement to the 1.1700 area.

On the downside, as long as 1.1500 resistance holds, the sideways movement in the trading range between 1.1215 and 1.1500 could be treated as consolidation for the downtrend from 1.1815. Another fall to test 1.1215 support is possible, below this level would aim at the 1000 area.

EURUSD daily chart

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