EURUSD Daily Analysis – October 28, 2019

EURUSD is testing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1179 could be treated as consolidation of the uptrend from 1.0879, a break of 1.1125 resistance could trigger another rise towards 1.1200. On the downside, a clear break below the trend line support would indicate that the upside movement had completed at 1.1179 already, then the pair would find next support at around 1.1000.

EURUSD 4-hour chart