EURUSD Daily Analysis – September 28, 2018

EURUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.1526 had completed at 1.1815 already. Further decline would likely be seen in a couple of days and next target would be at 1.1550 area. Near term resistance is at 1.1700, as long as this level holds, the downtrend will continue.

EURUSD 4-hour chart