EUR/USD Weekly Forecast Analysis 3-7 Oct 2022

EUR/USD Weekly Forecast Analysis 3-7 Oct 2022

We can see that currently the volatility is around 1.77% for this week, rising from the 1.28% from the last week.
Currently there is around 29.6% that the asset is going to close either above or below the channel:
TOP 0.991
BOT 0.966

The current volatility percentile is around 95th, placing us in a very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 1.03%
AVG weekly bear candle = 1.05%

With this mind, from the opening price it would situate us around
TOP 0.98875
BOT 0.96811

At the same time, there is currently a 71% that we will touch the ath of previous weekly candle of 0.98538,
and there is a 29% that we will touch the low of the previous week of 0.95358


From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is above those moving averages)