EURUSD Daily Analysis – September 26, 2019

EURUSD extended its downside movement from 1.1109 to as low as 1.0937, facing 1.0925 support once again, a breakdown below this level would indicate that the longer term downtrend from 1.1412 (Jun 25 high) has resumed, then next target would be at 1.0800 area. Near term resistance is at 1.0970, above this level could bring the price back towards the falling trend line on the 4-hour chart.

EURUSD 4-hour chart