There Is The Probability Of A Sideways Price Of The EUR/USD Pair Movement

The EUR/USD Price Failed To Exhibit A Strong Trending Movement

The euro continued to grow on Tuesday and set new tasks for solving: will the price settle above the overcome resistances, this is the level of 0.9950 and the upper line of the price channel and continue to grow to 1.0050, or will it return with a consolidation to the level of 0.9950 and then continue to descend to 0.9864 and 0.9724?

Exchange Rates 26.10.2022 analysis

The Marlin Oscillator on a daily scale is prone to a reversal of corrective growth from current levels, and the price's exit above resistance will become a false signal. In this case, the downward channel will be abolished. The main events will take place tomorrow when the European Central Bank announces its decision on monetary policy.

Exchange Rates 26.10.2022 analysis

A price divergence is forming with the Marlin Oscillator on the four-hour chart. If this is not a reversal, then the probability of a sideways price movement. The safe waiting range is 0.9864-0.9950. The lower level (0.9864) is supported by the MACD indicator line.

 

 

Relevance up to 04:00 2022-10-27 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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The EUR/USD Price Failed To Exhibit A Strong Trending Movement

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