FX.co ★ EUR/USD analysis for October 26, 2022 - Bear divergence in the play

Technical analysis

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.