# Short-Term Uptrend on EURUSD (Oct 20, 2014) Source: https://www.tradersway.com/resources/market-info/short-term-uptrend-on-eurusd-oct-20-2014/ Language: en Updated: 2014-10-20 Description: Explore Short-Term Uptrend on EURUSD (Oct 20, 2014). EURUSD is. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding. Price is making its way to the channel support near the 1.2750 minor psychological level, which might continue to hold as a floor. Stochastic is moving out of the oversold area, with a shallow bullish divergence indicating a possible bounce. If that happens, EURUSD might make its way back to the top of the range near the 1.2900 major psychological level. MACD is also reflecting a potential return in buying pressure. In addition, the SMAs are in line with the channel bottom, reinforcing the potential support. If this is broken though, it could be a sign that EURUSD is in for a downtrend and may be due to test the previous lows at the 1.2500 levels. ![Short-Term Uptrend on EURUSD (Oct 20, 2014)] Going long at 1.2750 with a tight stop and a target of 1.2900 could work for a technical trade. If you’re bearish on this pair, you could wait for a downside break of 1.2700 and aim for the lows near the 1.2500 area. *Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/short-term-uptrend-on-eurusd-oct-20-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/short-term-uptrend-on-eurusd-oct-20-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/short-term-uptrend-on-eurusd-oct-20-2014/", "headline": "Short-Term Uptrend on EURUSD (Oct 20, 2014)", "inLanguage": "en", "datePublished": "2014-10-20T09:44:20+00:00", "dateModified": "2014-10-20T09:44:20+00:00", "articleSection": "Market Info", "description": "Explore Short-Term Uptrend on EURUSD (Oct 20, 2014). EURUSD is. 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