FX.co ★ EUR/USD analysis for October 05, 2021

Technical analysis:

EUR/USD has been trading downside as I expected. The price reached first downside target at 1,1590.

Trading recommendation:

I still see potential for the downside continuation and the next reference points.

Watch for selling opportunities with the next downside targets at 1,1565 and 1,1500.

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

Resistance is set at 1,1640