EUR/USD analysis for October 14 2020 – Rejection of the median Petchfork trendline and potential for the rise towards 1.1825

Prior +4.6% Market index 798.9 vs 804.7 prior Purchase index 311.1 vs 316.0 prior Refinancing index 3,612.3 vs 3,622.3 prior 30-year mortgage rate 3.00% vs 3.01% prior The long-term mortgage rate falls to a new record low on the survey as the drop in mortgage applications largely stems from a slight moderation in purchase activity. […]