EURUSD Daily Analysis – October 15, 2018

EURUSD broke above 1.1550 resistance, suggesting that corrective consolidation for the downtrend from 1.1815 is underway. Further rally is still possible and next target would be at 1.1650 area. Near term support is at 1.1500, a breakdown below this level could bring the price back towards 1.1432 support.

EURUSD 4-hour chart