EURUSD Daily Analysis – October 3, 2019

EURUSD broke above the bearish price channel on the 4-hour chart, a break of 1.0967 resistance would confirm that the downside movement from 1.1109 had completed at 1.0879 already, then another rise towards 1.1050 could be seen. Near term support is at 1.0925, a breakdown below this level could trigger another fall towards 1.0800.

EURUSD 4-hour chart