EURUSD Weekly Analysis – October 28, 2018

EURUSD is now facing 1.1301 support. A breakdown below this level would indicate that the long term downtrend from 1.2555 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1470, a break of this level would indicate that lengthier consolidation for the downtrend is needed, then another rise towards 1.1850 resistance could be seen.

EURUSD daily chart