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19.10.202114:41 Forex Analysis & Reviews: EUR/USD analysis for October 19, 2021 - Key resistance at 1.1670 held successful

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Technical analysis:

EUR/USD has been trading upside but I see that EUR is testing major resistance at 1,1670. I see potential for the downside continuation.

Trading recommendation:

The long term trend is still bearish and my advice is to watch for selling opportunities. I see potential completion of the ABC correction.

Downside targets are set at the price of 1,1580 and 1,1535

Stochastic is showing overbought condition and potential for the drop towards 1,15803

Key resistance is set at 1,1670

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