EURUSD Daily Analysis – October 4, 2018

EURUSD continued its downside movement from 1.1815 and the fall extended to as low as 1.1464. Further decline could be expected and next target would be at 1.1400 area. Key resistance is at 1.1593, only a break of this level would indicate that the downside movement is complete, then the pair would find resistance at around 1.1650.

EURUSD 4-hour chart