FX.co - EUR/USD analysis for October 18, 2021 - Potential for the drop towards 1.1555

2021-10-18T11:24:42

Relevance until2021-10-19

Technical analysis:

EUR/USD analysis for October 18, 2021 - Potential for the drop towards 1.1555

EUR/USD has been trading upside this morning but I see potential for the downside continuation.

Trading recommendation:

Due to the downside trend in the background and price at resistance, I see potential for the downside rotation.

Downside targets are set at thee price of 1,1570 and 1,1540

Resistance is set at thee price of 1,1620

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

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for October 18, 2021 - Potential for the drop towards 1.1555