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It shows that EURUSD is in the range bound condition according to the weekly chart. It is in the top of the range and rejected hugely by the weekly candle. It is expected that the bearish movement will be continued. According to our last week forecast, we stated that the weekly target of the bearish movement was 1.1210 followed by 1.1070. The target 1.1210 gets fulfilled. Now it is expected the bearish movement will continue to the next target 1.1070. According to weekly and daily, the area of 1.1070 offers support and we need to observe the price there to see how it react on that level to decide further movement.

EURUSD-DAILY-FOREX-SIGNAL