29.10.201917:15 Forex Analysis & Reviews: EUR/USD for October 29,2019 - Daily bull potential increased

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EUR/USD is setting the bull-flag based on the daily time-frame, which is sign that there is potential for further upside continuation. Tomorrow is the FOMC day so you should be extra careful taking any swing position before FOMC meeting minutes .Anyhow, I see potential for the test of 1.1175 in case of the up-break.

Yellow rectangle – Resistance and upward target

Falling purple lines – Broken bull flag pattern

Rising purple line – Expected path

Based on the daily time-frame, there is the breakout of the bull flag pattern, which is a sign that bullish trend may resume. I would like to see the EUR holds 1.1073 in order to sustain further upward break. Main resistance is set at 1.1175.

Watch for buying opportunities on the dips...

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