Forex - Chart EUR/USD Update: Settled back in range, support at 1.2706, 1.2675


Published at 01:34 (GMT) 22 Oct

  

Chart EUR/USD Update: Settled back in range, support at 1.2706, 1.2675 (LEOC7601)

22 Oct EUR/USD Daily
Return to the 1.2706 support following sharp pullback fromthe 1.2840 high. Lower see more support at 1.2675 below which will see risk for deeper pullback to the 1.2625/06 area. Higher low sought for renewed strength later with resistance now at 1.2785 and 1.2815. [P.L]

R5:: 1.2901 23 Sep high R4: 1.2886 * 15 Oct high
R3: 1.2840/45 21, 16 Oct highs
R2: 1.2815 intraday level
R1: 1.2785/91 intraday, 9 Oct highs
S1: 1.2706 * 16 Oct low
S2: 1.2675 * 3, 6 Oct highs
S3: 1.2625 15 Oct low
S4: 1.2606 * 10 Oct low
S5: 1.2571 30 Sep low

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to gains above 1.0750 after US data

EUR/USD clings to gains above 1.0750 after US data

EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.

EUR/USD News

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.

GBP/USD News

Gold struggles to hold above $2,300 despite falling US yields

Gold struggles to hold above $2,300 despite falling US yields

Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.

Gold News

Bitcoin Weekly Forecast: Should you buy BTC here? Premium

Bitcoin Weekly Forecast: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

Read more

Week ahead – BoE and RBA decisions headline a calm week

Week ahead – BoE and RBA decisions headline a calm week

Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.

Read more

Majors

Cryptocurrencies

Signatures