EURUSD Daily Analysis – October 19, 2018

EURUSD extended its downside movement from 1.1622 to as low as 1.1449. Further decline to test 1.1432 support is possible, a breakdown below this level could take the price to next support level at around 1.1350. Near term resistance is at 1.1500, as long as this level holds, the downtrend will continue.

EURUSD 4-hour chart