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16.10.201921:19 Forex Analysis & Reviews: EURUSD short-term trend remains bullish

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EURUSD bounced off the critical support of 1.10 we mentioned yesterday and continues higher following our bullish scenario. Trend remains bullish in the short-term as long as price is above 1.10 as we also mentioned yesterday.

EURUSD held above the tenkan-a and the kijun-sen yesterday. We have a weak bullish signal as the tenkan-sen is crossing above the kijun-sen. Daily trend is neutral as price has entered the Kumo. Support is at 1.10 and resistance at 1.1120-1.1140. As we mentioned yesterday, as long as price is above 1.10, we remain optimistic expecting 1.1130 to be reached.

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