Fundamental analysis

EUR/USD analysis for October 26, 2022 – Bear divergence in the play

Technical
analysis

analytics6358df4bb2ca2.jpg

EUR/USD
has been trading upside
but there is potential for the downside rotation due to the extreme condition

Trading
recommendation:

Due
to the upside extreme condition I see potential for the downside
rotation towards downside reference points.

Watch
for potential selling opportunities with the downside objectives at
0.9940 and 0.9900.

Stochastic
oscillator is showing bearish divergence, which is sign that downside
rotation is possible.

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


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