10.10.201915:21 Forex Analysis & Reviews: EURUSD challenges important short-term resistance at 1.1030 and could see 1.1130 soon.

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EURUSD has moved above 1.10 and is challenging as expected the important 1.1030 resistance level. As long as price is above 1.10 we expect price to continue higher towards 1.11-1.1130.

Black lines- bullish wedge pattern

Red line - bullish divergence

EURUSD is bouncing off the lower wedge boundary. The upper wedge boundary and possible target is at 1.1130. Short-term trend is bullish as long as price is above 1.0965 but longer-term trend remains bearish as long as price is inside the wedge.

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