EURUSD October Forecast

On the large scale, The overall Trend is still Bearish.

However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
Thus, I will expecting a retracement towards the area around level 1.16500:

Confluences at level 1.16500:

• Previous Flip Zone (Red)
  
• Fib Golden Zone (50%-61.8%) (Gold)
  
• Test of long-term trendline
  
• Half Level 1.16500
  

Entry Criteria:

• Break and retest of counter-trendline (Red)
  
• Retest of golden zone (Gold)
  
• Retest of Flip Zone (Red)
  
• Retest of Half Level 1.16500
  
• Bearish Structure
  
• Bearish candlesticks
  
• Moving Average Crossover
  
• DXY shows strength on a retest of supports
  

Note: It is also possible for price to continue lower from a break and retest of level 1.16000