Euro returns to rise – Technical Analysis – 21-10-2015

The EURUSD pair rose on the intraday basis to settle above 1.1350 support level again, accompanied by surpassing the moving average 50, regaining the positive strength that might assist it to achieve more rise, especially with the positive signals that come by stochastic.

Therefore, we expect rising in the coming period, conditioned by holding above 1.1350 support, targeting 1.1450 resistance.