10.09.201917:28 Forex Analysis & Reviews: EURUSD is very close to providing a new bullish signal.

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EURUSD bulls have so far managed to hold prices above the 1.1020-1.10 support area. Price is breaking above the 4 hour cloud resistance but still remains below the major trend line resistance.

Black line - major short-term trend line resistance

EURUSD is trading above the 4 hour Kumo. Price is challenging recent highs at 1.1050-1.1080 area where we also find the important downward sloping trend line resistance. EURUSD bulls need to break above 1.1090 in order to hope for a move towards 1.1115 or 1.1175. Support is at 1.10. As long as price is above it we expect price to continue higher towards 1.1150.

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