EURUSD Daily Analysis – November 21, 2018

EURUSD dropped sharply from 1.1472 and is now facing the support of the bullish trend line on the 4-hour chart. A breakdown below the trend line support would indicate that the upside movement from 1.1215 had completed at 1.1472 already, then the pair would find next support level at around 1.1280. Resistance is at 1.1430, only a break of this level could trigger another rise towards 1.1600.

EURUSD 4-hour chart