EURUSD Daily Analysis – October 25, 2019

EURUSD’s pullback from 1.1179 extended to as low as 1.1093, facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation for the uptrend from 1.0879, another rise towards 1.1200 could be expected after the consolidation. However, a breakdown below the trend line support would indicate that the upside movement had completed at 1.1179 already, then the pair would find next support level at around 1.1000.

EURUSD 4-hour chart