Technical Analysis and Outlook:
As our analysis of the EUR/USD daily chart for the week of October 6 indicated, the Eurodollar hit our mean resistance level of 1.062 a few times and is drifting lower toward the mean support level of 1.047. The price may rebound strongly from this zone of upcoming week price action.
As our analysis of the EUR/USD daily chart for the week of October 6 indicated, the Eurodollar hit our mean resistance level of 1.062 a few times and is drifting lower toward the mean support level of 1.047. The price may rebound strongly from this zone of upcoming week price action.
