empty
cn
支持
即时开户
交易平台
入金/出金

13.10.202306:53 Forex Analysis & Reviews: Trading plan for EURUSD on October 13, 2023

Exchange Rates 13.10.2023 analysis

Technical outlook:

EUR/USD reversed from the 1.0620-30 zone seen around the trend line resistance on Thursday in line with our projection. Prices are very close to the potential support around the 1.0300-10 area which is also the Fibonacci 0.618 retracement of the recent rally between 1.0450 and 1.0630. The single currency pair is seen to be trading close to 1.0550 at this point in writing.

EUR/USD is carving a larger-degree corrective wave, which supposedly began from 1.0450 last week. The currency pair has carved an upswing through 1.0630 which is now followed by a correction/retracement towards 1.0530. A probability remains for another leg higher towards 1.0800 and up to 1.0900-50.

EUR/USD could print yet another low towards 1.0500 before resuming higher again. Also, note that the RSI is hovering around the 40 mark, which also indicates a potential rally above 1.0630 before hitting resistance. Alternatively, if prices continue breaking below 1.0500 consistently, the instrument could drop below 1.0450.

Trading idea:

A potential drop might be close to complete around 1.0500.

Good luck!

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

See Also

Forex News
  • 2025-04-16 16:07:21
    Ireland Property Price Inflation Slows to 8%
    2025-04-16 16:07:21
    US Steel Coils Surge to 1-1/2-Year High
    2025-04-16 16:07:21
    CNY Rebounds on US-China Trade Talk Hopes, Strong Data
    2025-04-16 16:07:21
    Ghana's Producer Price Index Declines in March: A Glimmer of Economic Recovery?
    2025-04-16 16:07:21
    Ireland's February Residential Property Prices Rise by 0.70%
    2025-04-16 16:07:21
    Irish Residential Property Prices Witness Dramatic Decline to 1.8% in February
    2025-04-16 16:07:21
    Steel Falls to 7-Month Low
    2025-04-16 16:07:21
    German 30-Year Bund Auction Shows Decrease in Yields to 2.830%
    2025-04-16 16:07:21
    Germany 10-Year Bond Yield Edges Down
    2025-04-16 16:07:21
    Oil Rebounds as China Opens Door to Trade Talks
  • 2025-04-16 16:07:21
    US Retail Inventories Excluding Autos Steady in February at 0.1%
    2025-04-16 16:07:21
    U.S. Business Inventories Growth Slows to 0.2% in February, Highlighting Economic Cautiousness
    2025-04-16 16:07:21
    NAHB Housing Market Index Sees Marginal Improvement in April
    2025-04-16 16:07:21
    TSX Rises on Commodity Producers
    2025-04-16 16:07:21
    Bank of Canada Holds Rate at 2.75%
    2025-04-16 16:07:21
    Bank of Canada Keeps Interest Rate Steady at 2.75%
    2025-04-16 16:07:21
    Belarus Industrial Production Posts Small Growth
    2025-04-16 16:07:21
    Nvidia Selloff Pressures Wall Street
    2025-04-16 16:07:21
    Ibovespa Declines for the 2nd Session
    2025-04-16 16:07:21
    US Capacity Utilization Falls More than Expected
  • 2025-04-16 16:07:21
    US Manufacturing Output Rises for 5th Month
    2025-04-16 16:07:21
    US Industrial Output Falls More than Expected
    2025-04-16 16:07:21
    U.S. Industrial Production Slows, Drops to 1.30% in March
    2025-04-16 16:07:21
    U.S. Manufacturing Production Experiences Sharp Decline in March
    2025-04-16 16:07:21
    U.S. Industrial Production Sees Unexpected Decline in March
    2025-04-16 16:07:21
    U.S. Capacity Utilization Rate Declines in March, Implicating Growth Concerns
    2025-04-16 16:07:21
    Treasury Yields Appear to Stabilize
    2025-04-16 16:07:21
    Dollar Index Holds Losses at 3-Year Low
    2025-04-16 16:07:21
    US Futures Point to Lower Open, Nvidia Sinks
    2025-04-16 16:07:21
    US Retail Sales Soar 1.4%
  • 2025-04-16 16:07:21
    U.S. Retail Sales Ex Gas and Autos Climb in March, Signaling Consumer Resilience
    2025-04-16 16:07:21
    U.S. Retail Sales Surge with 4.6% Growth in March 2025
    2025-04-16 16:07:21
    U.S. Retail Control Growth Stalls in March, Dips to 0.4% from February's 1.0% Surge
    2025-04-16 16:07:21
    US Retail Sales Skyrocketed by 1.4% in March, Signaling Economic Optimism
    2025-04-16 16:07:21
    U.S. Core Retail Sales See Slight Dip in March, Reflecting 0.5% Growth
    2025-04-16 16:07:21
    Poland's Core CPI Stabilizes at 3.6% in March 2025, Unchanged Year-Over-Year
    2025-04-16 16:07:21
    Indian 10-Year Yield Sinks to 3-Year Low
    2025-04-16 16:07:21
    Indian Rupee Extends Stronger Momentum
    2025-04-16 16:07:21
    US Mortgage Applications Slump the Most YTD
    2025-04-16 16:07:21
    US Mortgage Rates Jump: MBA
  • 2025-04-16 16:07:21
    South Africa Retail Sales Growth Slows
    2025-04-16 16:07:21
    South African Retail Sales Slow in February Amid Economic Uncertainty
    2025-04-16 16:07:21
    U.S. Mortgage Refinance Index Declines as Homeowners Hold Off on Refinancing
    2025-04-16 16:07:21
    Drop in MBA Purchase Index Reflects Cooling U.S. Housing Market
    2025-04-16 16:07:21
    U.S. Mortgage Market Index Declines Amid Financial Volatility
    2025-04-16 16:07:21
    US MBA Mortgage Applications Plunge by 8.5% as Interest Rates Bite
    2025-04-16 16:07:21
    U.S. 30-Year Mortgage Rates Edge Upward to 6.81%
    2025-04-16 16:07:21
    Sensex Recovers and Ends Higher
    2025-04-16 16:07:21
    Dollar Index Slides to 3-Year Low
    2025-04-16 16:07:21
    South Africa Business Confidence Eases but Remains High: SACCI
  • 2025-04-16 16:07:21
    Ireland Property Price Inflation Slows to 8%
    2025-04-16 16:07:21
    US Steel Coils Surge to 1-1/2-Year High
    2025-04-16 16:07:21
    CNY Rebounds on US-China Trade Talk Hopes, Strong Data
    2025-04-16 16:07:21
    Ghana's Producer Price Index Declines in March: A Glimmer of Economic Recovery?
    2025-04-16 16:07:21
    Ireland's February Residential Property Prices Rise by 0.70%
    2025-04-16 16:07:21
    Irish Residential Property Prices Witness Dramatic Decline to 1.8% in February
    2025-04-16 16:07:21
    Steel Falls to 7-Month Low
    2025-04-16 16:07:21
    German 30-Year Bund Auction Shows Decrease in Yields to 2.830%
    2025-04-16 16:07:21
    Germany 10-Year Bond Yield Edges Down
    2025-04-16 16:07:21
    Oil Rebounds as China Opens Door to Trade Talks
  • 2025-04-16 16:07:21
    US Retail Inventories Excluding Autos Steady in February at 0.1%
    2025-04-16 16:07:21
    U.S. Business Inventories Growth Slows to 0.2% in February, Highlighting Economic Cautiousness
    2025-04-16 16:07:21
    NAHB Housing Market Index Sees Marginal Improvement in April
    2025-04-16 16:07:21
    TSX Rises on Commodity Producers
    2025-04-16 16:07:21
    Bank of Canada Holds Rate at 2.75%
    2025-04-16 16:07:21
    Bank of Canada Keeps Interest Rate Steady at 2.75%
    2025-04-16 16:07:21
    Belarus Industrial Production Posts Small Growth
    2025-04-16 16:07:21
    Nvidia Selloff Pressures Wall Street
    2025-04-16 16:07:21
    Ibovespa Declines for the 2nd Session
    2025-04-16 16:07:21
    US Capacity Utilization Falls More than Expected
现在无法通话?
提出您的问题,用 在线帮助.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.