empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

25.10.202114:33 Forex Analysis & Reviews: EUR/USD analysis for October 25, 2021 - Strong downside breakout of balance

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 25.10.2021 analysis

EUR/USD has been trading strongly to the downside. The EUR did breakout of rising trend line and there is still more potential for further drop towards 1,1527.

Trading recommendation:

Due to strong downside momentum and the breakout of the rising trend line, I see potential for the downside continuation.

Watch for selling opportunities on the rallies with the downside targets at the price of 1,1575 and 1,1525.

Stochastic is showing fresh new bear cross, which is another sign for weakens...

Key resistance is set at the price of 1,1666

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off