EURUSD Daily Analysis – November 8, 2018

EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1302. As long as the trend line support holds, the pullback from 1.1499 could be treated as consolidation for the uptrend and further rise to 1.1550 area is still possible after the consolidation. On the downside, a breakdown below the trend line support would suggest that the upside movement had completed at 1.1499 already, then the pair would find next support level at around 1.1340.

EURUSD 4-hour chart