EURUSD attempts positively – Analysis - 26-10-2017

The EURUSD pair continues to rise by today's opening and attempts to breach the resistance line located now at 1.1830, which hints the price attempt to resume the main bullish trend again, noting that breaching the mentioned level followed by breaching 1.1850 will confirm opening the way to head towards 1.2100 areas initially.

On the other hand, the markets are waiting the Euro rate decision and the ECB president press conference today, which might cause mixed trading for the pair, thus, we prefer staying aside temporarily until we get clearer signal for the next trend, which we will get through breaching 1.1850 resistance or breaking 1.1780 support, as breaking this support represents negative factor that will push the price to reactivate the negative scenario that targets testing 1.1679 mainly.

Expected trading range for today is between 1.1700 support and 1.1930 resistance.

Expected trend for today: Depends on the above mentioned levels