EUR/USD Price Outlook: Navigating Key Resistance and Short-term
EUR/USD Analysis for October 23:
Recently, EUR/USD tested the key resistance area at 1.0800 but has since experienced a decline. The price is currently below a short-term downward trendline. If the exchange rate remains below 1.0800, it could lead to further downside, testing the recent low of 1.07898. Conversely, if it breaks above 1.0800, it could target the next resistance level at 1.0830.
Our Trading System's 4-Step Process:
Step 1: 📈 Trend: Capture the pulse of the market
Step 2: 📍 Position: Pinpoint entry levels 🎯
Step 3: 💹 Attitude: Decode price behavior 📊
Step 4: 💹 Exit: Maximize profit potential 🏆
Once you learn how to read the charts, you’ll naturally recognize the short-term signals they provide.
Recently, EUR/USD tested the key resistance area at 1.0800 but has since experienced a decline. The price is currently below a short-term downward trendline. If the exchange rate remains below 1.0800, it could lead to further downside, testing the recent low of 1.07898. Conversely, if it breaks above 1.0800, it could target the next resistance level at 1.0830.
Our Trading System's 4-Step Process:
Step 1: 📈 Trend: Capture the pulse of the market
Step 2: 📍 Position: Pinpoint entry levels 🎯
Step 3: 💹 Attitude: Decode price behavior 📊
Step 4: 💹 Exit: Maximize profit potential 🏆
Once you learn how to read the charts, you’ll naturally recognize the short-term signals they provide.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.