EURUSD Daily Analysis – November 15, 2019

EURUSD broke above the falling price channel on the 4-hour chart, further rally to test 1.1043 resistance would likely be seen, above this level would indicate that the downside movement from 1.1175 had completed at 1.0989 already, then next target would be at 1.1100 area. On the downside, as long as 1.1043 resistance holds, the price action from 1.0989 could be treated as consolidation for the downtrend, further decline to 1.0950 area is still possible after the consolidation.

EURUSD 4-hour chart