FX.co ★ Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Monday October 07, 2024.

With the appearance of deviations between the price movements of the main currency pair EUR/USD which formed a Higher-High (Double Top) while inversely proportional to the Stochastic Oscillator indicator which actually formed a Higher Low, it gives an indication that in the next few days seller pressure will begin to occur even though a strengthening correction could occur but as long as it does not break above the level of 1.1145, EUR/USD will still remain under pressure and will try to test the level of 1.0943 if this level is successfully broken down, Fiber will try to test the next two targets, namely 1.0829 and 1.0679.

(Disclaimer)