EURUSD Daily Analysis – October 17, 2018

EURUSD extended its upside movement from 1.1432 to as high as 1.1622. Further rise is still possible after consolidation and next target would be at 1.1700 area. Near term support is at 1.1534, only a breakdown below this level could bring the price back to 1.1450 area.

EURUSD 4-hour chart