EURUSD Daily Analysis – October 3, 2018

EURUSD extended its downside movement from 1.1815 to as low as 1.1505, breaking below 1.1526 support. Further decline is still possible and next target would be at 1.1450 area. Resistance is at 1.1630, a breakout of this level would indicate that the downside movement had completed at 1.1505 already, then the pair would find next resistance at around 1.1680.

EURUSD 4-hour chart