EUR/USD Price Analysis: Rebound needs to surpass 0.9800

Market news

17 October 2022

EUR/USD Price Analysis: Rebound needs to surpass 0.9800

EUR/USD regains composure and leaves behind the 0.9700 area.
Immediately to the upside comes recent peaks around 0.9800.

EUR/USD manages to leave behind Friday’s retracement and advances well north of the 0.9700 hurdle on Monday.

The continuation of the recovery needs to clear last week’s top just above 0.9800 the figure to open the door to further gains in the short-term horizon.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0568.

EUR/USD daily chart

Currencies. Daily history for Monday, October 17, 2022

Commodities. Daily history for Friday, October 14, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.