EURUSD Daily Analysis – November 9, 2017

EURUSD remains in the downtrend from 1.1879. Further decline would likely be seen after a minor consolidation and next target would be at 1.1400 area. Near term resistance is at 1.1625, followed by 1.1690, only break above these levels could bring price back towards the bearish trend line on the 4-hour chart.

EURUSD 4-hour chart