FX.co ★ EUR/USD. Technical Analysis on October 21, 2025

Trend Analysis (Fig. 1)On Tuesday, the market may continue moving downward from the 1.1640 level (yesterday's daily candle close), targeting 1.1597 – the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may possibly rebound upward to test the historical support level (blue dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – downward;
• Volume – downward;
• Candlestick analysis – downward;
• Trend analysis – downward;
• Bollinger Bands – downward;
• Weekly chart – downward.

Overall conclusion: Downward trend.

Alternative scenario: From the 1.1640 level (yesterday's daily candle close), the price may continue moving downward toward 1.1608 – a historical support level (blue dashed line). Upon testing this level, the price may possibly rebound upward toward 1.1631 – the 23.6% retracement level (yellow dashed line).