. Today EURUSD Technical Analysis Forecast - 10 October 2022

Today EURUSD Technical Analysis Forecast – 10 October 2022

Today EURUSD Technical Analysis Forecast – 10 October 2022

10 Oct 2022

EURUSD Technical Analysis: Weekly Chart

In the weekly charts, EURUSD is trading in a down channel. EURUSD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.96500 the resistance level is at 0.97000

EURUSD will trade in a down channel until there is a trend reversal.

EURUSD Technical Analysis: Daily Chart

In the daily charts, EURUSD is trading in a down channel. EURUSD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.96900 the resistance level is at 0.98000

EURUSD will trade in a down channel until there is a trend reversal.  

How to Trade EURUSD this Week:

EURUSD will follow the downtrend until its trend reversal. So, remain bearish on EURUSD.

TRADE SUGGESTION- SELL AT 0.97024, TAKE PROFIT AT 0.96800 AND STOP LOSS AT 0.97500