EUR/USD Review, October 31 - November 4, 2022
31 October 2022
The currency pair developed its growth last week and tested 1.0002 but failed to stay above this level. EUR/USD stays above the descending trend line which indicates the end of the downtrend. One of the EUR/USD growth reasons was the rate hike by ECB last Thursday. We expect the currency pair to retest 1.0002. The currency pair is likely to develop its growth if it breaks out the resistance level.
