EURUSD Daily Analysis – October 7, 2019

EURUSD extended its upside movement from 1.0879 to as high as 1.0999. As long as 1.0940 support holds, the upside movement could be expected to continue and next target would be at 1.1050 area. On the downside, a breakdown below 1.0940 support would indicate that the upside movement is complete, then another fall towards 1.0800 could be seen.

EURUSD 4-hour chart