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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD 11.10.2024

Technical Analysis
Friday, October 11, 2024 - 13:36
Point Trader Group
EURUSD 11.10.2024

General Trend: The trend is clearly bearish. The price is moving below the moving average, which supports the bearish direction as long as the price stays below the 1.09445 level.

Expected Scenario: If the price continues to drop and fails to return above the 1.09298 level, it is expected to target the next support levels at 1.08814 and then 1.08467.

Alternative Scenario: If the price manages to break the resistance at 1.09445 and move above it, we might see an attempt to rebound toward the 1.10030 level.

Key Levels:

Resistance: 1.09298 - 1.09445

Support: 1.08814 - 1.08467 - 1.07898

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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