Daily Technical Analysis & Recommendations - EURUSD - 2nd November, 2022

  Daily Technical Analysis & Recommendations - EURUSD - 2nd November, 2022

• EURUSD rises above 0.9900 as USD extends decline ahead of FeD. 
• All eyes on the FOMC as market anticipate another 75bps hike.
• EURUSD next target 1.0194. 
• Federal Funds rate coming up next. 
• We must stay on upward side. 

Recommendations: Stay in buying, target 1.0194, Stop Loss below 0.9740. 

Alternative Scenario : Break of 0.9880 will turn back to downside for retest 0.9740.

Naveed Anjum

Technical Analyst