Analysis of the EURUSD currency pair for October 21, 2026

21.10.2026

Market Review

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

October 21, 2026

EURUSD

Downtrend. The currency pair is trading between the 365 EMA and 135 EMA. The upward wave structure is truncated. The Awesome Oscillator shows a bearish divergence, and the Stochastic Oscillator lines have exited the overbought zone.

Trading idea:

Sell upon the formation of a downward wave structure, where wave (A) breaks through the trendline (inclined channel) of the truncated upward structure.

Stop Loss: 1.1262.

Target levels: 1.1180; 1.1154.

Author: GC

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