EUR/USD Price Analysis: Extra upside could revisit 1.0200

Market news

27 October 2022

EUR/USD Price Analysis: Extra upside could revisit 1.0200

EUR/USD’s rally meets initial resistance around 1.0100 on Thursday.
The continuation of the uptrend could see 1.0200 retested.

EUR/USD meets a tough hurdle around the 1.0100 neighbourhood on Thursday, returning to the negative territory after five consecutive daily advances.

The surpass of the 1.0100 zone could spark a more serious recovery in the short-term horizon. Against that, the immediate barrier is now expected at the September top at 1.0197 (September 12) ahead of the August peak at 1.0368 (August 10).

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0510.

EUR/USD daily chart

Currencies. Daily history for Thursday, October 27, 2022

Commodities. Daily history for Wednesday, October 26, 2022

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