EURUSD Daily Analysis – November 2, 2018

EURUSD broke above the bearish trend line on its 4-hour chart, suggesting that the downside movement from 1.1622 had completed at 1.1302 already. Further rally is still possible and next target would be at 1.1480, followed by 1.1530. Near term support is at 1.1350, only a breakdown below this level could trigger another fall towards 1.1302 previous low.

EURUSD 4-hour chart