Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD analysis for October 01, 2021

parent
Forex Analysis:::2021-10-01T12:45:29

EUR/USD analysis for October 01, 2021

Technical analysis:

EUR/USD analysis for October 01, 2021

EUR/USD has been trading upside today but I see potential exhaustion and downside rotation.

Trading recommendation:

Due to strong downside trend on larger time-frame and extreme upside reading today, my advice is to watch for selling opportunities.

Downside targets are set at 1,1575 and 1,1565.

Stochastic is showing overbought condition with divergence, which is sign for further downside movement.

Resistance is set at 1,1625

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...