Saturday, June 15, 2024

EUR/USD Daily Analysis and Trading Tips for 13 Oct 2022

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EUR/USD

Support / Resistance: 0.9665 - 0.9735

EUR/USD started consolidating at 0.9700 levels. For today, the most important event is the Consumer Price Index ex Food & Energy, with inflation expected to reach 6.5% on an annual basis from 6.3% the previous month. Additionally, other key events are the Consumer Price Index and Initial Jobless Claims.
The strategy for today is to trade short and long positions with a small profit following the technical data.
Use the 0.9670/80 level to open long positions with a profit of 30-35 pips.

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