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31.10.202404:52 विदेशी मुद्रा विश्लेषण और समीक्षा: Forecast for EUR/USD on October 31, 2024

The single European currency extended its gains yesterday, reaching the 23.6% Fibonacci retracement level, just shy of the target level at 1.0882. If the current correction follows Fibonacci levels, the euro may approach the U.S. elections within the 1.0935/50 range, defined by the 38.2% retracement.

Exchange Rates 31.10.2024 analysis

For this scenario to play out, the price would need to rise above yesterday's high (ideally surpassing the resistance level at 1.0882), and the Marlin oscillator should move into positive territory. We await the formation of such a signal.

Exchange Rates 31.10.2024 analysis

On the four-hour chart, the price is fully upward. It has consolidated above the balance, and MACD indicator lines, and the Marlin oscillator is rising rapidly alongside the price. The corrective rally continues.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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