FX.co ★ EUR/USD analysis for October 27, 2021 - Supply zone on the test

Technical analysis:

EUR/USD has been trading upside in last few hours but I see potential for the rejection. Supply area is set at 1,1610.

Trading recommendation:

EUR/USD is in the balanced regime today and the resistance at 1,1610 is on the test. My advice is to watch for potential reversion to the mean type of traders.

Selling opportunities are preferable with the downside targets at 1,1585

Bigger downside target is set at 1,1545 ad 1,1500