EUR/USD Price Analysis: Further weakness seems in the pipeline

Noticias del mercado

3 octubre 2023

EUR/USD Price Analysis: Further weakness seems in the pipeline

EUR/USD sheds further ground and drops to new YTD lows.
Next on the downside comes the round level of 1.0400.

EUR/USD alternates gains with losses after bottoming out in new 2023 lows near 1.0460 on Tuesday.

If bears remain in control, the pair could embark on a probable challenge of the round level of 1.0400. If spot breaches this level, then it should meet the next support of note at 1.0290 (November 30, 2022).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0.825.

EUR/USD daily chart

Yield on 10-year US Treasuries to stand at 3.5% in 12 months – UBS

United States JOLTS Job Openings came in at 9.61M, above forecasts (8.8M) in August

Enfoque del mercado

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Aviso de riesgo: El hecho de realizar operaciones comerciales en los mercados financieros con instrumentos financieros de margen abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a operar, se debe tomar de manera responsable a la cuestión de elegir una estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.

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