Market Analysis of EURUSD on Friday 7 October 2022

2022-10-07 09:51Source:BtcDana

EUR/USD Intraday: under pressure.

 

Pivot:

0.9850

 

Our preference:

Short positions below 0.9850 with targets at 0.9750 & 0.9710 in extension.

 

Alternative scenario:

Above 0.9850 look for further upside with 0.9890 & 0.9925 as targets.

 

Comment:

The RSI is bearish and calls for further decline.

https://asset.onetrader.online/upload/file/1665072000000/1665107495222.png

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.



More