EURUSD Daily Analysis – October 12, 2017

EURUSD broke above 1.1832 resistance, suggesting that the downside movement from 1.2092 had completed at 1.1669 already. Further rally is still possible and next target would be at 1.1900, followed by 1.2029. Near term support is at 1.1780, only a breakdown below this level could trigger another fall to test 1.1662 key support.

EURUSD 4-hour chart