EURUSD Daily Analysis – October 20, 2016

EURUSD’s downward movement from 1.1279 extended to as low as 1.0954. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Resistance levels are at 1.1025 and 1.1058, only break above these levels could signal completion of the downtrend.

eurusd chart