EURUSD: Correction To 1.0940 With A Target To 1.0896

EUR/USD, Wednesday Forecast, October 9

The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.0967, which will be followed by reaching support level 1.0940 and if it keeps on moving down below that level, we may expect the EUR/USD pair to reach support level 1.0896. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0967, which will be followed by moving up to resistance level 1.0996.

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Weekly Forecast, October 7 - 11

The EUR/USD pair is trading along with a sideways trend between support 1.0940 and resistance 1.0987. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0987, which will be followed by moving up to resistance level 1.1071. An downtrend will start as soon, as the EUR/USD pair drops below support level 1.0940, which will be followed by moving down to support level 1.0879

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