A significant improvement in market moods could be spotted at the beginning of a new month with US indices rallying during the first two sessions of October. Risk-on moods could also be spotted on the FX markets with EUR, AUD and NZD regaining some ground against the US dollar. However, upbeat market sentiment is being put to the test today with a rally on equity markets halting and the US dollar regaining some strength.
EURUSD tested 1.00 mark this morning for the first time since September 20, 2022. The pair broke above the 200-period moving average on the H4 interval yesterday and the upward move accelerated afterwards. However, it was halted at the aforementioned 1.00 area today. Daily low was painted near the 200-period moving average in the 0.9920 price zone. This zone is a key near-term support to watch and a break below it would pave the way for downward move deepening towards the 0.9860 zone.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
