EURUSD Daily Analysis – October 31, 2016

EURUSD broke above the channel resistance, indicating that the downtrend from 1.1279 had completed at 1.0851 already. Further rally could be expected in a couple of days, and next target would be at 1.1050 area. Support levels are at 1.0925 and 1.0850, only break below these levels could trigger another fall towards 1.0700.

eurusd chart