The EURUSD approaches the target – Analysis - 31-10-2019
Economies.com
2019-10-31 06:06AM UTC
The EURUSD pair rallied upwards clearly after the FOMC rate cut yesterday, to reach the thresholds of the first waited target at 1.1180, reinforcing the expectations of continuing the bullish trend in the upcoming period, waiting to breach the mentioned level to open the way to head towards 1.1280 as a next station.
Therefore, we will continue to suggest the bullish bias on the intraday and short term basis, reminding you that it is important to hold above 1.1065 to continue the expected rise.
The expected trading range for today is between 1.1080 support and 1.1250 resistance.
The expected trend for today: Bullish
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