EURUSD Daily Analysis – November 14, 2017

EURUSD is facing 1.1690 resistance. A breakout of this level will indicate that lengthier consolidation for the downtrend from 1.2092 (Sep 8 high) is underway, then further rise towards the falling trend line on the 4-hour chart could be seen. On the downside, as long as 1.1690 resistance holds, the downside movement could be expected to resume, and a breakdown below 1.1554 support could take price to 1.1400 area.

EURUSD 4-hour chart