EURUSD Daily Analysis – November 9, 2018

EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1302 had completed at 1.1499 already. Further decline could be expected after a minor consolidation and next target would be at 1.1302 support. Resistance is at 1.1400, only a breakout of this level could bring the price back towards 1.1550.

EURUSD 4-hour chart