EUR/USD analysis for October 15, 2021 - Downside potential towards 1.1585

Technical analysis:

EUR/USD has been trading sideways at the price of 1,1605 but I see potential for the downside movement.

Trading recommendation:

Downside trend is still downside in the background and my advice is to watch for selling opportunities.

Downside targets are set at 1,1585 and 1,1545

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

Resistance is set at 1,1620