EURUSD Daily Analysis – November 1, 2018

EURUSD extended its downside movement from 1.1622 to as low as 1.1302. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1200 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart