FX.co ★ EUR/USD analysis for October 06, 2021 - Both downside objectives, potential for test of 1.1500

Technical analysis:

EUR/USD has been trading downside as I expected. EUR has reached both my downside targets at 1,1590 and 1,1565 but there is more potential for downside.

Trading recommendation:

Watch for selling opportunities on the rallies with the next downside target at 1,1500.

Stochastic oscillator is showing extreme reading but with no good close price reversal pattern, which is sign that sellers are in control.

Resistance is set at the price of 1,1565