Market Analysis of EURUSD on Monday 24 October 2022

2022-10-24 09:52Source:BtcDana

EUR/USD Intraday: the upside prevails.

 

Pivot:

0.9825

 

Our preference:

Long positions above 0.9825 with targets at 0.9900 & 0.9930 in extension.

 

Alternative scenario:

Below 0.9825 look for further downside with 0.9800 & 0.9775 as targets.

 

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

https://asset.onetrader.online/upload/file/1666540800000/1666576391916.png

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