Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday October 10, 2023.
October 10, 2023 6:24 am
With the appearance of the deviation between price movement with Stochastic Oscillator on the 4 hour chart of the EUR/USD main currency pairs, then, increasingly confirms that there has been a turning point and strengthening in Fiber, where this can be seen and confirmed by the price movement which is above the WMA (30 Shift 2) and the price movement is inside the Bullish Pitchfork channel so that even in the near future there will be a slight downward correction to test the level. The Bullish Order Block is at level 1.0546 and as long as this level is strong enough to withstand the downward correction and even if it is broken no further than level 1.0483 then EUR/USD has the potential to rally upwards towards level 1.0643 as its first target and level 1.0737 as its second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of the deviation between price movement with Stochastic Oscillator on the 4 hour chart of the EUR/USD main currency pairs, then, increasingly confirms that there has been a turning point and strengthening in Fiber, where this can be seen and confirmed by the price movement which is above the WMA (30 Shift 2) and the price movement is inside the Bullish Pitchfork channel so that even in the near future there will be a slight downward correction to test the level. The Bullish Order Block is at level 1.0546 and as long as this level is strong enough to withstand the downward correction and even if it is broken no further than level 1.0483 then EUR/USD has the potential to rally upwards towards level 1.0643 as its first target and level 1.0737 as its second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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