Oct 7, 2022
VOT Research Desk
Key News – Insights and Analysis
Daily technical analysis Oct 7, 2022 EUR/USD Current Level: 0.9789 The pair broke through the 0.9844 support zone after the euro lost some ground against the dollar. The pair is still trading below the aforementioned level in the early hours of today’s session. If the bearish attack continues, a test of the significant support at 0.9750 is anticipated.
A deeper decline toward the lower zone at 0.9670 could result from a successful breach of this level. If the bulls win, the zone at 0.9844, which is currently acting as resistance, will be their first target. The current move could be considered corrective if it breaches the zone at 0.9934 and the upper level at 0.9999, paving the way for a test of the local high at 1.0050.The change in non-farm payrolls in the United States as well as the unemployment rate (today;12:30 GMT).
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Analytics of the EUR/USD Currency Pair: intraday resistance of 0.9844 0.9999 0.9934 1.1050 intraday support of 0.9750 0.9570 0.9650 0.9535
