Technical Analysis : EUR/USD 29 October 2021

29 October 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsEUR/USD

Forex Technical Analysis : EURUSD 29 October 2021

Forex Technical Analysis : EURUSD

Date : 29 October 2021

Pivot point : 1.1655

Our preference : long positions above 1.1655 with targets at 1.1690 & 1.1710 in extension.

Alternative scenario : below 1.1655 look for further downside with 1.1630 & 1.1610 as targets.

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

Supports and resistances :

1.1730 **
1.1710 *
1.1690
1.1674 – Last price
1.1655
1.1630 *
1.1610 **

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

Source : Trading Central

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