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Expert In



EUR/USD analysis for October 20, 2021 - Overbought condiiton and potential for the downside rotation

Technical analysis:


EEUR/USD has been trading upside in last few hours but I see overbought condition and potential for the price to rotation downside.

Trading recommendation:

Due to flat condition on the EUR in last few days, I see potential for the downside movement due to overbought condition.

Watch for selling opportunities with the downside objectives at 1,1620 and 1,1610

Stochastic is showing overbought condition

The material has been provided by InstaForex Company -