Market Analysis of EURUSD on Wednesday 4 October 2023

2023-10-04 10:15Source:BtcDana

EUR/USD Intraday: key resistance at 1.0490.

 

Pivot:

1.0490

 

Our preference:

Short positions below 1.0490 with targets at 1.0445 & 1.0430 in extension.

 

Alternative scenario:

Above 1.0490 look for further upside with 1.0510 & 1.0530 as targets.

 

Comment:

As long as the resistance at 1.0490 is not surpassed, the risk of the break below 1.0445 remains high.

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