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EURUSD attempts positively – Analysis - 18-10-2016

FX:EURUSD   Euro Fx/U.S. Dollar
26 0 1
The EURUSD             pair trades with calm positivity approaching from retesting the key resistance 1.1067, which is met by the EMA50 to add more strength to it, accompanied by stochastic entering the overbought areas.

Therefore, these factors encourage us to keep our bearish overview for the upcoming period, and the first target is represented by testing 1.0938 level, reminding you that breaking this level will push the price towards 1.0778 direct, while we should take into consideration that breaching 1.1067 level will provide signals that the price got enough of the bearish correction to attempt to regain the main bullish trend .

Expected trading range for today is between 1.0900 support and 1.1100 resistance.

Expected trend for today: Bearish
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