Technical Analysis : EUR/USD 26 October 2022

Forex Technical Analysis : EURUSD

Date : 26 October 2022

Pivot point : 0.9925

Our preference : long positions above 0.9925 with targets at 0.9970 & 0.9990 in extension.

Alternative scenario : below 0.9925 look for further downside with 0.9900 & 0.9875 as targets.

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

Supports and resistances :

1.0020 **
0.9990 *
0.9970
0.9955 – Last price
0.9925
0.9900 *
0.9875 **

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

Source : Trading Central

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