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EUR/USD Intraday: the upside prevails.

2023-10-23
707

Pivot: 1.0565

Our preference: long positions above 1.0565 with targets at 1.0605 & 1.0620 in extension.

Alternative scenario: below 1.0565 look for further downside with 1.0550 & 1.0535 as targets.

Comment: a support base at 1.0565 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.0635

1.0620

1.0605

1.0588 Last

1.0565

1.0550

1.0535

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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