EUR/USD Price Analysis: Bears chip away at fresh lows, eye 0.9700
10.10.2022, 00:30

EUR/USD Price Analysis: Bears chip away at fresh lows, eye 0.9700

  • EUR/USD bears eye a run to test 0.9700 territory.
  • The euro remains under pressure as the US dollar picks up an early bid. 

The US dollar remains in favour of the bulls at the start of the week as the following hourly DXY chart illustrates:

The price of EUR/USD will all depend on the outcome of the US Consumer Price Index for the main event of this week. For the time being, the euro might find some relief but it needs to break up out of the trendline resistance that has formed on the back of Nonfarm Payrolls Friday.

EUR/USD H1 chart

The Support of the late September business is playing its role, so far. However, any pullbacks above the dynamics resistance could come into resistance below the NFP highs which could result in the High of the Week (HoW) as illustrated on the chart above. A downside continuation, thereafter, could be on the cards as per the following daily chart:

EUR/USD daily chart

The daily chart shows the price descending in the bearish channel without any signs of deceleration. The M-formation is however a reversion pattern and the neckline, at some stage, would be expected to come back under pressure to the upside neat 0.9800. However, it would appear that 0.9700 is at the front of the queue in that regard. 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik