Support & Resistance

October 25, 2022 : EUR/USD daily technical review and trading opportunities.

analytics635810b547fc0.jpg

Price levels around 1.1700 has been holding prices for a short period of time before another price decline took place towards 1.1200.

Shortly after, the price zone around 1.1500 has applied significant SELLING pressure when a valid SELL Entry was offered upon the previous ascending movement towards it.

Since then, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.

The market remains under Selling pressure unless a strong upside movement manages to break above 1.0000.

In the mean time, any downside movement towards 0.9500 should be watched for BUYING pressure where a new upside movement can be established.

The material has been provided by InstaForex Company – www.instaforex.com


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /var/www/vhosts/beta.livemarkets.com/wp-includes/functions.php on line 5420

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /var/www/vhosts/beta.livemarkets.com/wp-includes/functions.php on line 5420