EURUSD Daily Analysis – October 14, 2019

EURUSD extended its upside movement from 1.0879 to as high as 1.1062. As long as the price is in the rising price channel on the 4-hour chart, the pullback from 1.1062 could be treated as consolidation for the uptrend, further rise could be expected to continue and next target would be at 1.1100 area. Near term support is at 1.1000, below this level could bring the price back towards the bottom of the channel.

EURUSD 4-hour chart