Wednesday, February 21, 2024

EUR/USD Daily Analysis and Trading Tips for 12 Oct 2022

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EUR/USD

Support/Resistance: 0.9670 - 0.9790

Today, we expect the Euro to maintain its position against the dollar, with possible growth towards 0.9780 levels.
There are two key events for today one is the ECB's President Lagarde speech at 9:30 AM ET and later in the day the FOMC Minutes at 2:00 PM ET.
Both events can significantly affect the market.
For now, the best strategy is to hold long positions during the European session.

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