EURUSD Daily Analysis – October 17, 2019

After consolidation, EURUSD broke above 1.1062 resistance and extended its upside movement from 1.0879 to as high as 1.1085. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1120 area. Key support is at 1.0991, only break below this level could signal completion of the uptrend.

EURUSD 4-hour chart