Market Analysis of EURUSD on Tuesday 18 October 2022

2022-10-18 09:56Source:BtcDana

EUR/USD Intraday: further advance.

 

Pivot:

0.9800

 

Our preference:

Long positions above 0.9800 with targets at 0.9870 & 0.9900 in extension.

 

Alternative scenario:

Below 0.9800 look for further downside with 0.9770 & 0.9740 as targets.

 

Comment:

The RSI is bullish and calls for further upside.

https://asset.onetrader.online/upload/file/1666022400000/1666058208505.png

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