empty
 
 
cn
支持
即时开户
交易平台
入金/出金

17.10.202305:33 Forex Analysis & Reviews: Forecast for EUR/USD on October 17, 2023

EUR/USD

On Monday, the euro made the right move by expressing its desire to resume an uptrend after falling on October 12-13. It closed the day above the 1.0552 resistance level, and today, it opened above this mark as well. The Marlin oscillator climbed above the zero line, revealing that the preceding decline was a false move.

Exchange Rates 17.10.2023 analysis

Now, the price has set its sights on the 1.0613 target. This level is crucial because a break above it would mean surpassing the Fibonacci retracement arc, which could trigger medium-term growth. But first the price needs to overcome the 1.0687 level and then the MACD indicator line.

Exchange Rates 17.10.2023 analysis

On the 4-hour chart, the price has consolidated above the MACD line, but the Marlin oscillator remains in the bearish territory. This situation allows the price to consolidate above the 1.0552 support level before continuing its upward movement.

The euro is also benefiting from the stock market's performance, as the S&P 500 rose by 1.06% yesterday.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.