# EUR/USD: Sustained upside expected above 1.0050 – UOB: Analytics and Market news from 5 October 2022 04:53

> UOB analysts said EUR/USD could make sustained gains if it clears resistance at 1.0050, after the euro gained 1.62% on October 4, its largest one-day rise since 2016. They flagged the rally as overbought.

- Date: 2022-10-05 · published 2022-10-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9331-eur-usd-sustained-upside-expected-above-1-0050-uob-analytics-and-market-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

This is routine technical currency commentary with no new fundamental shock. It has little direct effect on feed commodity prices.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-10-04 | 5 | +3.8% | 3.7 | Confirms the euro's 1.62% one-day gain on Oct 4, the largest since 2016, which accounts for much of the 5-day move, though it was published on Oct 5. |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3798578

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.