EUR/USD - Overview from October 8, 2024

Financial and commodity markets analytics


On Tuesday, the US dollar fell from nearly weekly highs against major currencies.

The Euro appreciated by 0.2%, however, the current growth more resembles a correction. In the event of a retest and update of the local price minimum, the EUR/USD pair may find support in the previously mentioned zone of 1.0900-1.0930. When planning transactions, it is necessary to take into account market-expected news. In particular, traders and investors are waiting for data on inflation in the United States and the publication of the minutes of the FOMC meeting in the USA.