EURUSD Daily Analysis – October 16, 2018

EURUSD remains in the uptrend from 1.1432, the fall from 1.1610 is likely consolidation for the uptrend. Range trading between 1.1534 and 1.1610 is possible in a couple of days. Resistance is at 1.1610, a break of this level could trigger further upside movement towards 1.1650. Support is at 1.1534, a breakdown below this level could bring the price back towards 1.1432 previous low.

EURUSD 4-hour chart