Selena_Paul

EURUSD analysis today: What to note?

CAPITALCOM:EURUSD   Euro / U.S. Dollar
Let's find out about today's market with Selena!
Two days ago (October 3rd, the EUR price was around 1.0480), Selena emphasized that the EUR "is still in a downward phase and could weaken to the level of 1.0430, possibly below 1.0400."
However the EUR dropped to 1.0447 and has since rebounded. The downward momentum is starting to slow down, and if the EUR surpasses the level of 1.0545, it means that the level of 1.0430 will not appear during this period.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.