EURUSD Daily Analysis – October 26, 2018

EURUSD extended its downside movement from 1.1622 to 1.1355 area. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1300 area. Resistance is at 1.1430, only a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart