EURUSD remains in consolidation

EURUSD bounced off the short-term support zone near round 1.1300 level yesterday. The pair managed to climb to the local highs after bouncing off the mentioned support. However buyers failed to bring the price above, and the local correccion started. The lack of any macro data scheduled for today's session does not help in higher volatility. The current base scenario assumes a sideways move. However, if the situation would change, and the upside breakout occurs, the 1.136-1.1375 zone should be considered as the next resistance. On the other hand, in case the support at 1.1300 is negated, the next important demand zone lies at 1.1240.

EURUSD H1 interval. Source: xStation5

29 October 2026, 1:19 PM

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Forex Technical analysis

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