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

2022-09-30T07:36:20

Relevance until2022-10-01

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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