Market Analysis of EURUSD on Monday 17 October 2022

2022-10-17 09:43Source:BtcDana

EUR/USD Intraday: key resistance at 0.9770.

 

Pivot:

0.9770

 

Our preference:

Short positions below 0.9770 with targets at 0.9705 & 0.9680 in extension.

 

Alternative scenario:

Above 0.9770 look for further upside with 0.9800 & 0.9825 as targets.

 

Comment:

As long as the resistance at 0.9770 is not surpassed, the risk of the break below 0.9705 remains high.

https://asset.onetrader.online/upload/file/1665936000000/1665971050773.png

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