Saturday, June 15, 2024

EUR/USD Daily Analysis and Trading Tips for 11 Oct 2022

Dollar_and_Euro.jpg

EUR/USD

Support/Resistance: 0.9655 - 0.9745

A slight correction in favor of the dollar is still possible in the early European session. Later, however, we expect many dealers to take profits after Friday's unemployment data, with EUR/USD returning to levels above 0.9760.
There are no key fundamentals today, though, with a look at the 8:45 AM ET ECB's Lane speech.
Although the downtrend is likely to continue in the coming days, we expect more frequent upward corrections in the EUR/USD trade.

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