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Charts and Technical Update 23 Oct | Globalforex.net

When we look at charts we see that EUR/USD is aiming for higher levels as long as it can stay above 1.3800 level. It seems that the pair will reach 1.4000 and if we get good news from the eurozone the pair can continue climbing to 1.4175 level. If the pair can break this resistance 1.4300 will be the next stop. However, if we can’t get the good news that we have been waiting for, if eurozone leaders fail to find concrete solutions and disappoint the markets oncemore, then the pair may head back to 1.3650 level. If it breaks down then the next stop is 1.3450 level.

 

EUR/USD Technical Analysis Chart

 

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