EUR/USD - Overview of October 25, 2024

Financial and commodity markets analytics


The EUR/USD pair found support, practically reaching the previously described range of 1.0700-1.0750, after which buyers returned the market to growth. However, technically, the current movement seems more like a correction. If the decline resumes, the range of 1.0760-1.0780 will serve as local support. When planning trades, it is necessary to take into account the publication of preliminary data on the volumes of orders for durable goods in the US, and also, consider the end of the trading week.