The EURUSD reaches the key support – Analysis - 28-10-2019

The EURUSD pair faced an extra negative pressure to break 1.1105 level and approaches from the critical support at 1.1065, as we mentioned in our last reports, the price needs to settle above this level to keep the positive scenario valid in the upcoming period, where breaking it will push the price to make more of the bearish correction and targeting 1.0995 levels initially.

Now, the price needs to breach 1.1105 to confirm resuming the bullish trend, supported by the positive signal that comes from stochastic, pointing that the main positive target at 1.1180.

The expected trading range for today is between 1.1000 support and 1.1180 resistance.

The expected trend for today: Bullish