EUR/USD Fundamental Analysis: October 11, 2018 The euro rose during the Wednesday session. A breakout on the level of 1.15 indicates that there is a demand for the currency. There is a “risk on” move with US traders and drive momentum. We have seen this scenario where just recently the euro got a sell-off and the North Americans will have a steer to move forward in later in the day, of course, taking note of riskier currencies. Similarly, this is how the trading with the S&P 500 futures market and other precious metals. Worries on Brexit will still be apparent, as well as the debt issue with Italy. These bring uncertainty to traders but the US traders will give attention to their own economy. Trading on mornings around 9 am where there is a momentum on the oversold situation can be advantageous. Eventually this is likely to change its course but for now, it seems to be moving steadily. The euro pair is not that far from forming the bottom for long-term, where both the resistance and support were previously located last year. A psychologically important level was found at the resistance of 1.18 which seems to be the aim of buyers. Moreover, a lot of noise will likely be present and considering the pair, we can expect more buyers below. A breakdown below 1.14 could result in a sharp decline. Nevertheless, it is less likely to occur at the present time.