EURUSD Daily Analysis – November 22, 2017

EURUSD extended its downside movement from 1.1860 to as low as 1.1712, facing the resistance-turned-support level at 1.1690. A breakdown below this level could trigger further decline towards 1.1554, followed by 1.1400. Near term resistance is at the falling trend line on the 4-hour chart. A breakout of the trend line resistance could bring price back to test 1.1820 resistance. Above this level would aim 1.1879 key resistance.

EURUSD 4-hour chart