EURUSD Daily Analysis – October 31, 2017

EURUSD remains in downtrend from 1.1879, the rise from 1.1574 is likely consolidation of the downtrend. Further decline towards the resistance-turned-support trend line on the weekly chart is still possible after the consolidation. Resistance levels are at 1.1645 and 1.1685, as long as these levels hold, the downtrend will continue.

EURUSD 4-hour chart