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EURUSD Analysis October 25, 2020

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FX:EURUSD   Euro / Dólar Americano
On the monthly timeframe we most recently formed a bearish engulfing candle. We are pushing bullish with the moving averages pointed upwards. On the daily timeframe we will need to see how we react to the 1.19500 level. That was the previous spot that started the bearish push downwards so lots of sellers here. On the H4 timeframe we are bullish and just formed a HH. We need our first HL to form. On the 30m timeframe we would need to see a break of the previous LH before looking for buy opportunities.
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