The Euro attacks the key resistance – Technical Analysis – 09-10-2015

The EURUSD recovered by rising yesterday, after leaning on the moving average 50, to gain some positive momentum that assisted the price to rise, targeting 1.1280 level, with good chance to breach it now as we are getting continuous positive signals from the relative strength indexes.

Therefore, we expect the price to rise in the coming sessions, especially after confirming breaching 1.1280 level, to target 1.1383 level mainly.