Market Analysis of EURUSD on Monday 31 October 2022

2022-10-31 09:49Source:BtcDana

EUR/USD Intraday: bullish bias above 0.9925.

 

Pivot:

0.9925

 

Our preference:

Long positions above 0.9925 with targets at 0.9980 & 1.0000 in extension.

 

Alternative scenario:

Below 0.9925 look for further downside with 0.9910 & 0.9890 as targets.

 

Comment:

A support base at 0.9925 has formed and has allowed for a temporary stabilisation.

https://asset.onetrader.online/upload/file/1667145600000/1667180975605.png

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