EUR/USD Price Analysis: Rising bets for a drop to 0.9630

Market news

14 October 2022

EUR/USD Price Analysis: Rising bets for a drop to 0.9630

EUR/USD fades part of the post-CPI sharp upside on Friday.
Next on the downside now comes the weekly low near 0.9630.

EUR/USD gives aways most of its recent advance to the area just above the 0.9800 mark at the end of the week.

The continuation of the pullback appears on the cards and carries the potential to challenge the recent weekly low at 0.9631 (October 13) in the short-term horizon.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0576.

EUR/USD daily chart

Currencies. Daily history for Friday, October 14, 2022

Commodities. Daily history for Thursday, October 13, 2022

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