EURUSD – Downward movement remains the priority

31.10.2022

Four-hour EUR/USD chart. The currency pair continues to move down from the weekly supertrend line. The currency pair remains under pressure locally and keeps the tendency to decrease, therefore today as a priority we consider a scenario with the development of a bearish wave. The first target is the line of the daily super trend, which now passes near the level of 0.9840.

Recommendations: Sell 0.9975 TP 0.9840.