EUR/USD breaks pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Despite initially holding, the support of the lower trend line of the channel up pattern and the 1.0000 mark failed. By the middle of Friday's trading, the pair had reached below 0.9950.

A decline of the Euro against the US Dollar could look for support in the 0.9900 mark and the 200-hour simple moving average. Further below take into account the support zones near 0.9800 and 0.9700.

On the other hand, a potential recovery might encounter resistance in the 1.0000 level, before approaching 1.0050 and 1.0100 resistance levels.
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Fri, 28 Oct 2022 11:54:11 GMT

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