In the H1 chart EURUSD follows a downward trend evidenced by a sequence of increasing lows and highs. Another tool to determine the trend are EMAs on H1 (75- and 100-periodic) which are directed towards the bottom. Most of the time the price is below said averages. You will notice that the last series of downward moves weren’t followed by increasing volume.
Bullish candles, which occurred in the area 1.0965-1.0975 support zone, are characterized by higher turnover. Price on 10.18.2016 was for a long time above the level of 1.1000. This shows the growing advantage of the demand. In case of closing the candle above the level of 1.1000 the probability of growth will increase. Resistance is located in the area of the last high, the zone of 1.1030-1.1040. Increased supply and breaking the low can likely open the way for further declines.
