EURUSD Daily Analysis – October 8, 2019

EURUSD moved sideways in a trading range between 1.0957 and 1.1000. As long as 1.0957 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.0879, further rise to 1.1050 area is still possible after the consolidation. On the downside, a breakdown below 1.0957 support would indicate that the upside movement had completed at 1.1000 already, then another fall towards 1.0800 could be seen.

EURUSD 4-hour chart