EUR/USD - Review as of 31.10.2024

Financial and commodity markets analytics


So far, the zone 1.0840-1.0870 has continued to act as resistance. The EUR/USD pair is within the range of 1.0770-1.0870. Later today, Europe expects the publication of preliminary consumer price index data, and during the North American session, markets are waiting for publications of the consumer spending index, the business activity index, and US labor market data. The timing of news releases may lead to an increase in volatility and the instrument moving out of its current range. If growth occurs, intraday resistance may be encountered in the region of 1.0900; if quotes decrease and the minimum is updated, support is located below 1.0750.