EUR/USD Price Analysis: Interim contention emerges near 1.0650

octa | 2023-11-09 14:06

Abstract：EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.

- EUR/USD comes under pressure following Mondays tops.

- Further decline could revisit the 1.0650 zone in the near term.

EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.

In case the downward bias picks up extra pace, the pair could extend the pullback to the 55-day SMA near 1.0650, which is expected to provide temporary contention.

In the meantime, while below the 200-day SMA at 1.0804, the pairs outlook should remain negative.

EUR/USD daily chart

Forex Analysis

Related broker

Regulated

octa

Company name：Octa Markets LTD

Score

6.48

Website：https://www.octafx.eu/

5-10 years | Regulated in Cyprus | Market Making License (MM) | MT4 Full License

Score

6.48

HW.SITE Analysis Report

HW.SITE presents a mixed picture that demands careful consideration from potential traders, earning a modest 5.2 out of 10 rating based on extensive user feedback. Analysis of 228 trader reviews reveals significant polarization in user experiences, with 40.8% of reviews being negative and nearly equal numbers of positive and negative sentiments overall. The broker demonstrates several noteworthy strengths that attract traders, including a generally good reputation for security, efficient deposit and withdrawal systems, and a user-friendly trading interface that caters to both novice and experienced traders. These positive aspects have contributed to a solid base of satisfied clients who praise the platform's fundamental operations. However, serious concerns have emerged that cannot be ignored. The most pressing issues include misleading marketing practices that may set unrealistic expectations, documented withdrawal complications that affect some users, and recurring questions about

Original 2026-01-07 18:11

ULTIMAMARKETS Analysis Report

ULTIMAMARKETS presents a mixed picture that requires careful consideration before committing your trading capital. With an overall rating of 5.8 out of 10 based on 162 analyzed reviews, this broker shows both promising features and concerning red flags that traders should weigh carefully. The broker's strongest attributes include responsive customer support services and efficient deposit/withdrawal processes for most users. Its established reputation and security measures have earned positive feedback from a majority of traders, with 93 out of 162 reviews expressing satisfaction with the platform's performance. However, several serious concerns emerge from the review analysis. Fund safety issues have been reported by multiple traders, and while withdrawals are generally smooth, some users have encountered significant problems accessing their funds. Read on for a full report.

Original 2026-01-07 17:38

WikiEXPO Global Expert Interviews Yiannos Ashiotis:How Strong Governance Drives Financial Innovation

As WikiEXPO Dubai concludes successfully, we had the pleasure of interviewing Yiannos Ashiotis, the Group Managing Partner of Pnyx Hill and the Board Chairman of Revolut Digital Assets Europe.

Original 2026-01-06 16:48

Danish Regulator Confirms CIBOR as a Significant Benchmark Under EU Rules

The Danish Financial Supervisory Authority (Finanstilsynet) has confirmed that the Copenhagen Interbank Offered Rate (CIBOR) qualifies as a significant benchmark under the revised EU Benchmarks Regulation (BMR), following a notification that its use exceeds EUR 50 billion across the European Union.

Original 2026-01-06 14:28