EURUSD Daily Analysis – October 2, 2018

EURUSD’s downside movement from 1.1815 extended to as low as 1.1563. Further decline is still possible after a minor consolidation and next target would be at 1.1400 area. Near term resistance is at 1.1640, only a break of this level could bring the price back to 1.1680 area.

EURUSD 4-hour chart