Technical Analysis : EUR/USD 18 October 2022

Forex Technical Analysis : EURUSD

Date : 18 October 2022

Pivot point : 0.9810

Our preference : long positions above 0.9810 with targets at 0.9855 & 0.9875 in extension.

Alternative scenario : below 0.9810 look for further downside with 0.9785 & 0.9760 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

0.9900 **
0.9875 *
0.9855
0.9839 – Last price
0.9810
0.9785 *
0.9760 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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