Technical Analysis : EUR/USD 5 October 2022

Forex Technical Analysis : EURUSD

Date : 5 October 2022

Pivot point : 0.9920

Our preference : long positions above 0.9920 with targets at 1.0000 & 1.0030 in extension.

Alternative scenario : below 0.9920 look for further downside with 0.9890 & 0.9850 as targets.

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

Supports and resistances :

1.0050 **
1.0030 *
1.0000
0.9963 – Last price
0.9920
0.9890 *
0.9850 **

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

Source : Trading Central

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