Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD analysis for October 22, 2021 - Potential for the drop towards 1.1575

parent
Forex Analysis:::2021-10-22T12:34:31

EUR/USD analysis for October 22, 2021 - Potential for the drop towards 1.1575

Technical analysis:

EUR/USD analysis for October 22, 2021 - Potential for the drop towards 1.1575

EUR/USD has been trading flag at the price of 1,1630 but I see potential for the downside movement.

Trading recommendation:

Due to the breakout of the rising Pitchfork channel in the background and contraction on Bollinger bands, I see potential for the downside movement.

Watch for selling opportunistic with the main target at 1,1570

Key resistance is set at 1,1668

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...