EURUSD retests – Analysis - 01-11-2016

FX:EURUSD   Euro / U.S. Dollar
54 0 2
The EURUSD             pair keeps its stability above 1.0938 level after retesting it yesterday, as the EMA50 met the mentioned level to add more strength to it, while we witness positive signal through stochastic now on the four hours' time frame.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its targets begin by testing 1.1067 level, reminding you that breaking 1.0938 level will push the price to head towards 1.0778 areas before any new attempt to rise.

Expected trading range for today is between 1.0900 support and 1.1067 resistance.

Expected trend for today: Bullish
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