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25.10.2021: Forex Analysis & Reviews: EUR/USD analysis for October 25, 2021 - Strong downside breakout of balance


Technical
analysis:

analytics6176a429e9b04.jpg


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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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