EUR/USD Daily Chart Analysis For October 7, 2021
Technical Analysis and Outlook:
The Euro Dollar bearish downtrend price action continues to our Inner #2 Currency Dip $1.1498 target. Formation of Mean Res $1.1619 and sell trade is confirmed - The near-term currency trend sentiment remains very negative. Trade accordingly/appropriate to your risk strategy.
The Euro Dollar bearish downtrend price action continues to our Inner #2 Currency Dip $1.1498 target. Formation of Mean Res $1.1619 and sell trade is confirmed - The near-term currency trend sentiment remains very negative. Trade accordingly/appropriate to your risk strategy.
Comment:
The Euro is currently in an uptrend - leg up as "Cross-Check Target" to newly created Mean Res 1.15720: An sell opportunity around this resistance point for a drop to retest Key Sup 1.15295 and follow through to Inner #2 Currency Dip 1.14980 mark.