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19.10.202111:30 Forex Analysis & Reviews: Trading idea for EUR/USD

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.

Exchange Rates 19.10.2021 analysis

As expected , EUR / USD rose and hit the first target level. This coincides with the plan presented last October 15 , which also stated that euro bulls should push the quote to 1.16500.

Plan:

Exchange Rates 19.10.2021 analysis

Result:

Exchange Rates 19.10.2021 analysis

Congratulations to those who took long positions!

The pair moved by as much as 700 pips. As such, it would be best to close 2/3 of the positions and then hold 1/3 to the second target - 1.19.

Exchange Rates 19.10.2021 analysis

The analysis was based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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