EUR/USD - Review from 10.10.2024

Financial and commodity markets analytics


The EUR/USD pair has closely approached the previously mentioned zone of 1.0900-1.0930, where local support might be found. However, from a news standpoint, today is a very crucial day as inflation data will be published in the United States, which the Federal Reserve System of the United States closely monitors. Irrespective of the published figures, it's likely that the period after the news release will be a time of increased market volatility when any local levels and zones could be easily overcome by price fluctuations. If the decline continues, the next support could be found closer to the 1.0800-1.0820 range.