EURUSD > Possible Scenarios and Predictions!

EUR/USDOANDA

Description

⋅ Oct 18, 2022 8:20 AM

Analysis of #EURUSD

The EURUSD is in between trendline resistance and trendline support, now the market is near its trendline resistance of 0.9860, and as you can see no interest in selling even at resistance.

i think the market could break to the upside from here to restest a parity level of 1.000, but we need a catalyst, and if the market broke the resistance level we could look for a breakout pattern to get into a trend continuation entry

Thanks for your continued support!

Comments

ProjectSyndicate

⋅ Oct 19, 2022 9:45 AM

setups that payout keep it up

Michael_Winner

⋅ Oct 18, 2022 8:27 PM

Nice eurusd analysis, many thanks mate.💡

Solldy

⋅ Oct 19, 2022 9:16 AM

I think that today we should see how the day will close and then place limit orders to gain a position. Good idea!

Mihai_Iacob

⋅ Oct 18, 2022 7:25 PM

Indeed, a break above 0.99 could lead to a long waited correction for eurusd, with a target in 1.03-1.04 zone resistance.
Let's see

TradingShot

⋅ Oct 18, 2022 5:23 PM

That's possible. If August's Lower Highs trend-line breaks, we may be entering the first stages of a long-term bullish reversal:

RLinda

⋅ Oct 18, 2022 2:10 PM

Keep it up) thanks for sharing

UnknownUnicorn15614419

⋅ Oct 18, 2022 11:23 AM

I agree with u. Thanks for sharing my friend

DeGRAM

⋅ Oct 18, 2022 10:12 AM

Thank you. Great job.