Sunday, July 21, 2024

EUR/USD Daily Analysis and Trading Tips for 1 Nov 2022

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EUR/USD

Support / Resistance: 0.9870 - 0.9945

Returning to Euro-Dollar parity is currently impossible. Investors will continue to bet on the dollar. This week is very important with a lot of important data on the US and European economies, but the most important event is tomorrow, Wednesday, when the Fed is expected to raise the key interest rate from 3.25% to 4.00%. At the end of the week for the important data on the unemployment rate and newly created jobs.
And today the most important economic data is the ISM Manufacturing PMI(Oct).
Although a slight upward correction has begun, we remain short positions pending EUR/USD levels below 0.9870.

Trade our accurate signals here.

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