EURUSD Daily Analysis – October 21, 2019

EURUSD’s upside movement from 1.0879 extended to as high as 1.1170. Further rise is still possible after a minor consolidation and next target would be at 1.1200 area. Near term support is at 1.1110, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

EURUSD 4-hour chart