For Traders

Analytical Reviews

Trading plan

25.10.202106:05 Forex Analysis & Reviews: Trading plan for EUR/USD on October 25, 2021

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.

The EUR/USD pair's upward movement is an impulse. The upward target remains the Weekly Control Zone of 1.1717-1.1700. It is necessary to fix purchases when testing this zone.

Trading in an upward direction remains a priority. Today, the main plan is to retain purchases. Based on our plan, favorable prices were obtained during last week's second half, that is, when testing the WCZ 1/4 1.1625-1.1621. When retesting the high of the previous week, transferring the position to breakeven is necessary.

A three-day flat can be an excellent support in the future for the re-purchase the euro. It is not profitable to consider the option of selling, since this requires the formation of a "absorption" pattern of the daily level.

It is necessary to consider corrective patterns when trading upward for repeated purchases when exiting the local flat of the last three days.

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.