EUR/USD has been trading within a range of 1.111- 1.126 during the month of October.
Economic Calendar Analysis
Current trading week might bring elevated levels of Volatility due to data releases from United States which would force to re-assess market risk.
EUR/USD 4- Hour chart analysis
4-Hour Chart
EUR/USD Daily Chart Analysis
EUR/USD has transitioned from an impulsive sell-off into an accumulation phase, currently testing the upper boundary of a five-week consolidation range around 1.1245- 1.1260. With price pressing against the range ceiling via consecutive bullish candles and the 14-period RSI recovering cleanly above the neutral 50 line, near-term momentum clearly favors the buyers.EUR/USD Daily chart
A daily close above 1.1260 would confirm a structural breakout from this base, opening an upside path toward prior breakdown resistance at 1.1370- 1.1375 and the 1.1400 handle. Conversely, if sellers defend this overhead supply zone, the pair will remain range-bound, likely triggering a mean-reversion pullback toward intermediate support at 1.1200, with deeper downside buffered by the primary support floor near 1.1120.