EURUSD Daily Analysis – October 25, 2018

EURUSD broke below 1.1432 support and extended its downside movement from 1.1622 to 1.1380 area. Key resistance is located at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.1300 area. Resistance is at 1.1430, a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart