Market Analysis of EURUSD on Wednesday 5 October 2022

2022-10-05 09:54Source:BtcDana

EUR/USD Intraday: the upside prevails.

 

Pivot:

0.9920

 

Our preference:

Long positions above 0.9920 with targets at 1.0020 & 1.0050 in extension.

 

Alternative scenario:

Below 0.9920 look for further downside with 0.9890 & 0.9850 as targets.

 

Comment:

The RSI calls for a new upleg.

https://asset.onetrader.online/upload/file/1664899200000/1664934864064.png

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