Market Outlook of EURUSD on Monday October 2023

Technical Analysis
EURUSD have big potential to buy around 1.05169. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of sellers took profit and buyers decided to involve in. Based on volume indicator the momentum for sellers is weakening


Fundamental Analysis

The US dollar's strength has implications for both the US economy and the global economy. A stronger dollar makes US exports more expensive and imports cheaper. This can boost US economic growth in the short term, but it can also lead to higher inflation. A stronger dollar also makes it more expensive for foreign borrowers to repay their US dollar-denominated debt. This could lead to financial stress in emerging markets.

 DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete