Oct 17, 2022
VOT Research Desk
Market Analytics and Considerations
EUR/USD Current level – 0.9744
For the single European currency, the week started positively. After the market opening, the rate tries to hold above the 0.9734 support. The bulls may try to recapture last week’s gains, but for that they need to test the second resistance at 0.9813. But bears, for their part, will try to direct the currency pair back to the support at 0.9734 and a test of the second support at 0.9667. The downtrend for the euro is probably not permanently over.
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