EURUSD Daily Analysis – October 31, 2019

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 1.1179 had completed at 1.1073 already. Further rally to test 1.1179 resistance would likely be seen, above this level could trigger another upside movement towards 1.1250. Near term support is at 1.1125, below this level could bring the price back towards 1.1073 support.

EURUSD 4-hour chart