EURUSD Daily Analysis – October 1, 2019

EURUSD extended its downside movement from 1.1109 to as low as 1.0884. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue, further decline to 1.0800 area is still possible. Key resistance is at 1.0967, only break above this level could signal completion of the downtrend.

EURUSD 4-hour chart