EUR/USD: The Direction of Highest Probability is Bearish as price is moving in

Tian Kriek

Analyst


October 20, 2023 06:35 AM

BEARISH

Daily Trading Range:
EUR/USD: The Direction of Highest Probability is Bearish as price is moving in a Down Fibonacci ABCD swing. As long as the DXY remains Bullish we expect the EURUSD to remain Bearish and below the 45 Period EMA   HIgher inflation readings in the Eurozone could spark a brief rally in the EURUSD    Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/ideas/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.9000
Resistance 2: 1.6000
Resistance 1: 1.2000
Current Price 1.0559
Support 1: 0.9800
Support 2: 0.9300
Support 3: 0.9100

Two Hour Chart

Two Hour Chart
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