EURUSD Daily Analysis – October 27, 2017

EURUSD broke below 1.1662 support, indicating that the whole uptrend from 1.0340 (Jan 3 low) had completed at 1.2092 already. Further decline could be expected after a minor consolidation and next target would be at the resistance-turned-support trend line on the weekly chart now at around 1.1400. Near term resistance is at 1.1680, followed by 1.1725, only above these levels could trigger another rise to test 1.1879 key resistance.

EURUSD 4-hour chart