EURUSD Technical Analysis October 12th

EURUSD has entered into the channel. 1.18800 is the Fibonacci Retracement 50% of the movement 1.20900 – 1.166100.

It looks like our second scenario became validated. Now we will be watching 1.18400- 1.18800 zone.

According to the FED report, “many Fed officials saw another rate hike this year” as they don’t see the storms knocking the economy off track. They also saw wages rising, which should help to boost future inflation.



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