EURUSD Daily Analysis – November 14, 2018

EURUSD broke above 1.1280 resistance, suggesting that the downside movement from 1.1499 had completed at 1.1215 already. Further rally is still possible and next target would be at 1.1350, followed by 1.1420. Near term support is at 1.1250, a breakdown below this level could trigger another downside movement towards 1.1100.

EURUSD 4-hour chart