For Traders

Analytical Reviews

Technical analysis

26.10.202115:08 Forex Analysis & Reviews: EUR/USD analysis for October 26, 2021 - Potetnial for the downside continuation

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:

EUR/USD has been trading upside this morning but I see potential for the downside continuation.

Trading recommendation:

Due to the breakout of the balance in the background and test of major resistance at 1,1625m I see potential for the downside continuation.

Watch for selling opportunities with the downside targets at 1,1592 and 1,1575

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.

Additionally, there is completion of the ABC upside correction in the background

Back to the list

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.