Home Analysis Euro/USD is heading for the 1.0500 level

Euro/USD is heading for the 1.0500 level

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EuroUSD is heading for the 1.0500 level - forexspacex.com

Euro/USD is heading for the 1.0500 level this week after the majority of economic reports came in sync with the market consensus. The shared currency attracted decent buying the other day and gained 0.76% against the US dollar to close above the 1.0400 level. According to the official data reported by the Federal Statistics Office of Germany, the adjusted unemployment rate remained at 3.0% in October 2022. The Euro Zone Harmonized Index of Consumer Prices (HICP) came at 10% which indicates that inflationary pressures have started to cool, which is bullish for Euro. 

Important Pivots

NameS3S2S1Pivot PointsR1R2R3
Classic1.03101.03531.03781.04211.04461.04891.0514
Fibonacci1.03531.03791.03951.04211.04471.04631.0489
Camarilla1.03851.03921.03981.04211.04101.04161.0423
Woodie’s1.03021.03491.03701.04171.04381.04851.0506
DeMark’s1.03661.04151.0434

Ref link


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