Eur usd forex weekly technical analysis 16 to 20 may 2016 Eur usd pair this week closed with loss. Euro as expectation falling towards my tgt 1.12 and 1.11. Investors must watch 1.1115 level on weekly closing basis for reversal or breakdown. Below 1.1115, euro will become very bearish and may test lower levels up to 1.08 and 1.05 again. Reversal from 1.1115 means upside medium term tgt of 1.18 to 1.20. Eur usd forex monthly chart pattern are bearish and here 1.1450 remain as strong monthly closing basis resistance.