EUR/USD and GBP/USD analyse 22th Oct 2023 udpated – Analytics & Forecasts – 22 October 2023

By Forex Uy tín On Th10 22, 2023

EUR/USD pause falling this 2 weeks, is the EUR/USD down trend ended ? don’t be too optimistic. please check this chart, the blue line is our model indicator, the model value has droped to the low of Nov 2022 (0.9824 ) , right now the EUR/USD close price is 1.0594 , there is still a long way to drop if this prediction is correct.

The same case is the GBP/USD trend , althought the day chart of GBPUSD seems to generatea “W shape bottom” candle pattern, but our model showing that GBP/USD may properly continue to drop in near future .