Market Analysis of EURUSD on Wednesday 12 October 2022

2022-10-12 09:46Source:BtcDana

EUR/USD Intraday: watch 0.9640.

 

Pivot:

0.9740

 

Our preference:

Short positions below 0.9740 with targets at 0.9670 & 0.9640 in extension.

 

Alternative scenario:

Above 0.9740 look for further upside with 0.9770 & 0.9790 as targets.

 

Comment:

As long as the resistance at 0.9740 is not surpassed, the risk of the break below 0.9670 remains high.

https://asset.onetrader.online/upload/file/1665504000000/1665539229133.png

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