EURUSD Daily Analysis – October 30, 2017

EURUSD’s downside movement from 1.1879 extended to as low as 1.1574. 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. Resistance is at 1.1645, followed by 1.1685, as long as these levels hold, the downtrend will continue.

EURUSD 4-hour chart