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FX.co ★ EUR/USD analysis for September 30, 2022 - Trading range condiiton and potential for the breakout

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Forex Analysis:::2022-09-30T07:36:20

EUR/USD analysis for September 30, 2022 - Trading range condiiton and potential for the breakout

Technical analysis:

EUR/USD analysis for September 30, 2022 - Trading range condiiton and potential for the breakout

EUR/USD has been trading upside as I expected. The price reached both upside targets and EUR is trading sideways today.

Trading recommendation:

Due to the sideways regime and defined trading range, watch for potential breakout to confirm further intraday direction.

In case of the breakout of the resistance at 0.9840, watch for buying opportunities with teh objective at 0.9990

In case of the downside breakout of support at 0.9780, watch for selling opportunities with the downside objective at 0.9750

Analyst InstaForex
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