EUR / USD continues to move within the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the European sellers and a potential continuation of the fall in asset quotes from the current levels. At the time of the publication of the forecast for the Euro / US dollar rate is 1.1582. As part of the Forex forecast for October 18, 2021, we should expect an attempt to develop a price correction and test the resistance level, which is on the pair near the 1.1615 area. Further, a rebound down and the continuation of the fall. The potential target of such a movement is the area below the level of 1.1325.
Have a nice trade!
Have a nice trade!