News & Feeds October 9, 2022

EURUSD Forecast – $0.96716 First Obstacle for Sellers

Previous EURUSD forecast mentioned the price could reach $0.99134 and the price succeeded in the first two days. The price broke above and reached the supply zone close to the confluence of resistance where downtrend resistance on H4 and daily time frame are crossing. From there the price returned down in a way we can describe as a false breakout to the upside. The second candle, Wednesday candle closed below $0.99134 support level which did not close above that could indicate a breakout confirmation. With closing below support level and on Thursday testing $0,99134 as a resistance level it was a confirmation the