The EUR/USD appears to have put in a price bottom above 1.0850. However, the 1.0950 level will be tough to crack.EUR/USD 4H Chart 10/28(click to enlarge)Price bottoming signals:- Yesterday, I noted a bullish reversal signal in the EUR/USD. - It should be noted that after the previous update, price still found resistance at 1.0945 and fell below 1.09.- This was not a good sign for the bullish outlook, but the subsequent rally further confirms the fact that the market respects the price bottom.- In a way, the ability to come back with a bullish swing that is now making a new high on the week is a sign that this bullish attempt is "battle-tested"- I believe that now the pressure is even great on the the resistance area around 1.0950.- I think a break above 1.0950 is likely and will bring EUR/USD up to the 1.10 area before the rally is challenged again. - This is a very short-term outlook, a bullish correction of the previaling bearish swing that covered most of October.