RLinda ! EURUSD-> What to expect in the coming week?

2022년 10월 23일

The EURUSD is still below the important psychological level of 1.0000, the fundamentals of the USD index are feeling very good, but everybody is waiting for the important news release, which will be held at the beginning of the next month.

On the chart, I marked the key price channel, which goes with the global trend, and we also see that the price is firmly clamped in a bearish channel.

The price forms a technical pullback to the resistance zone and almost reaches the upper boundary of the channel. What should we expect?
There is an important psychological level, 0.99997, in case of its breakdown and if the bulls hold important positions the euro will have a chance to get stronger against the strongest fall.
But I expect a fall from the resistance area as a priority. The important target in this situation is the supports at 0.9695 and 0.9552.

Regards R. Linda!