Saturday, June 15, 2024

EUR/USD Daily Analysis and Trading Tips for 24 Oct 2022



Support / Resistance: 0.9810 - 0.9915

A series of important economic data is expected today during the morning European session. Among the highlights are S&P Global/BME Composite PMI (Oct), S&P Global/BME Manufacturing PMI(Oct) for Germany and the Eurozone at 3:30 AM ET and 4:00 AM ET.
At 8:30 AM ET in the US, the Chicago Fed National Activity Index (Sep) is expected, later at 9:45 S&P Global Composite PMI(Oct), S&P Global Manufacturing PMI(Oct) and S&P Global Services PMI(Oct). Although economic data is important, we do not expect it to have a major impact on the currency market.
During the European session, we expect the Euro to continue its upward trend and see levels of 0.9915. We expect the end of the upward trend during the American session.

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