EURUSD Daily Analysis – October 29, 2019

EURUSD failed to break below the bullish trend line on the 4-hour chart and rebounded from 1.1073. Further rally to test 1.1125 resistance is possible, a breakout of this level could trigger another rise towards 1.1200. On the downside, a breakdown below 1.1073 level would confirm that the upside movement from 1.0879 had completed at 1.1179 already, then the pair would find next support at around 1.1000.

EURUSD 4-hour chart