> EURUSD: The EURUSD moves down to test 1.0500 and finds support. Sellers in control.

Technical Analysis

USD

EURUSD: The EURUSD moves down to test 1.0500 and finds support. Sellers in control.

Sellers are in control heading into the weekend/into the new trading week

Greg Michalowski

Friday, 13/10/2023 | 18:45 GMT

In this video, I outline the key technical levels in play for the EURUSD as we end one week, and look to the next.

The bias is more to the downside, thanks to a run higher in the USD on Thursday in Friday.

Today, the price moved into a swing area between 1.0483 and 1.0500. That area will be a barometer for both buyers and sellers to start off the new trading week.