Euro / U.S. DollarShort
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.
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.
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.