EURUSD Daily Analysis – October 22, 2014

EURUSD is facing the support of the downward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.2500 had completed at 1.2867 already, then the following downward movement could bring price to 1.2000 area. On the upside, as long as the trend line support holds, one more rise to 1.2950 area is still possible.

eurusd chart