EUR/USD analysis for October 22, 2021 - Potential for the drop towards 1.1575

Technical analysis:

EUR/USD has been trading flag at the price of 1,1630 but I see potential for the downside movement.

Trading recommendation:

Due to the breakout of the rising Pitchfork channel in the background and contraction on Bollinger bands, I see potential for the downside movement.

Watch for selling opportunistic with the main target at 1,1570

Key resistance is set at 1,1668