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