EURUSD long view 0,99000-0,99500

Oct 18, 2022

During the Asian trading session, the euro continues its bullish recovery, forming a new higher high at the 0.98740 level. In the previous week, the euro was freed from the pressure of the dollar, and for now, it is using it to its advantage. Now we see consolidation in the 0.98300-0.98700 range, and we need a break above this structure to continue the bullish trend until the end of this week. Potential higher targets are 0.99000, 0.99500 levels. We need a negative consolidation and pullback below the 0.98000 level for a bearish option. Afterward, the pair could go down to the next lower support zone. Potential lower targets are 0.97500 and 0.97000 levels.