EURUSD Daily Analysis – October 24, 2019

EURUSD broke below 1.1110 support, suggesting that lengthier consolidation for the uptrend from 1.0879 is underway. Deeper decline would likely be seen and the target would be at the bullish trend line on the 4-hour chart. However, as long as the trend line support holds, the upside movement could be expected to resume, further rise to 1.1250 area is still possible after the consolidation.

EURUSD 4-hour chart