EURUSD Analysis 31-October-2024

On a global basis, especially in the US, very busy days await us. Employment data tomorrow, US elections next week and the Fed meeting will be critical days. We expect high volatility in the markets with these developments.

After falling from 1.12 to 1.0760, the EURUSD parity is making technical increases. We may see up-down volatility in the parity for a while.

In the short term, increases below 1.09 and in the broader picture, below 1.10 can be evaluated as a selling opportunity.

Below, we are watching the 1.0760 region as critical support.