EURUSD Daily Analysis – October 4, 2019

EURUSD broke above 1.0967 resistance, suggesting that the downside movement from 1.1109 had completed at 1.0879 already. Further rally could be expected in a couple of days and next target would be at 1.1030 area. Near term support is at 1.0940, a breakdown below this level could trigger another fall towards 1.0800.

EURUSD 4-hour chart