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Euro Technical Forecast: EUR/USD Snaps 2023– Q4 Levels
Euro plunged for nine of the past ten-weeks with EUR/USD testing the yearly opening-range lows this week. While the broader outlook remains weighted to the downside, the immediate decline may be vulnerable as we head into the October / Q4 open. These are the updated targets and invalidation levels that matter on the EUR/USD weekly technical chart. chart Technical Outlook: In my last Euro Technical Forecast, we noted that EUR/USD was testing yearly-open support and that a break below this, “key support zone would expose a test of the 52-week moving average for the first time since December and the objective 2023 ... (full story)