14.10.202113:35 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD analysis for October 14, 2021 - Potential for downside rotation

Technical analysis:

Exchange Rates 14.10.2021 analysis

EUR/USD has been trading upside but I see potential for the downside movement due to test of resistance at 1,1620.

Trading recommendation:

Downside trend is still active short-term and my advice is to watch for selling opportunities with the downside targets at 1,1590 and 1,1545.

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

Key resistance is set at 1,1620

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Petar Jacimovic,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.