EURUSD Daily Analysis – November 22, 2018

EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.1472 could be treated as consolidation for the uptrend from 1.1215 and a breakout of 1.1425 resistance could trigger another rise towards 1.1500. Key support is at 1.1358, only a breakdown below this level would confirm that the upside movement had completed at 1.1472 already, then the pair would find next support level at around 1.1280.

EURUSD 4-hour chart