FX.co ★ Trading plan for EUR/USD on October 25, 2021

The EUR/USD pair's upward movement is an impulse. The upward target remains the Weekly Control Zone of 1.1717-1.1700. It is necessary to fix purchases when testing this zone.

Trading in an upward direction remains a priority. Today, the main plan is to retain purchases. Based on our plan, favorable prices were obtained during last week's second half, that is, when testing the WCZ 1/4 1.1625-1.1621. When retesting the high of the previous week, transferring the position to breakeven is necessary.

A three-day flat can be an excellent support in the future for the re-purchase the euro. It is not profitable to consider the option of selling, since this requires the formation of a "absorption" pattern of the daily level.

It is necessary to consider corrective patterns when trading upward for repeated purchases when exiting the local flat of the last three days.