Oct 10, 2022
VOT Research Desk
Key News – Insights and Analysis
The Market Perspective:
EUR/USD Level right now: 0.9729
The pair is challenging the pivotal support area at 0.9730 in the early going of today’s trading session, and expectations are for a minor positive correction to develop towards the resistance at 0.9813. The pair could easily move towards a test of the support at 0.9663, though, if the bears are able to break through the aforesaid support.
The only macroeconomic news that appears to have the ability to affect the currency pair this week is the U.S. consumer price index and the initial jobless claims data, both of which will be released on Thursday at 12:30 GMT.
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