Technical analysis of EUR/USD 11/10/2022

The EUR/USD currency pair on the (1D) chart shows an upward correction within a downtrend. The price found support at 0.9535 and is currently consolidating around 1.0180 (23.6% Fibo).

If the pair manages to consolidate above the area of 1.0200 (23.6% Fibo), technically it will mean the development of an upward correction with the target in the area of 1.0570 (38.2% Fibo).

The signal to cancel the option to continue the upward correction will be the decline in quotes below the low of 0.9535.

EURUSD_STPDaily

Created by Joshua Hayn

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