EURUSD Daily Analysis – October 6, 2016

EURUSD failed to break below 1.1123 support and stayed in the trading range between 1.1123 and 1.1279. Sideways movement in the range could be expected to continue in a couple of days. Support is at 1.1123, a breakdown below this level could bring price to 1.1000 zone. Resistance is at 1.1279, above this level will indicate that the sideways movement between 1.1123 and 1.1326 is complete, then further rise to 1.1500 area could be seen.

eurusd chart