EUR/USD analysis for October 07, 2021 - Downside continuation in the play

Technical analysis: EUR/USD has been trading upside this morning but I see potential downside continuation in the play. Trading recommendation: Due to strong downside cycle and potential end of the upside correction, there is potential for the downside opportunities. Watch for selling opportunities with the downside targets at 1,1530 and 1,1500 Stochastic is showing bear divergences in the background, which is another sign fo the weakness. Resistance is set at 1,1570The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD analysis for October 07, 2021 - Downside continuation in the play

Technical analysis:

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

Trading recommendation:

Due to strong downside cycle and potential end of the upside correction, there is potential for the downside opportunities.

Watch for selling opportunities with the downside targets at 1,1530 and 1,1500

Stochastic is showing bear divergences in the background, which is another sign fo the weakness.

Resistance is set at 1,1570

The material has been provided by InstaForex Company - www.instaforex.com