EURUSD Weekly Analysis – October 27, 2019

EURUSD extended its upside movement from 1.0879 to as high as 1.1179. Further rally is still possible next week and the target would be at 1.1250 area. Near term support is at 1.1050, a breakdown below this level would indicate that the uptrend had completed at 1.1179 already, then another fall towards 1.0800 could be seen.

EURUSD daily chart