Analysis of the EURUSD currency pair for October 20, 2026

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

October 20, 2026

EURUSD

The trend is downward. The currency pair is trading between the 365 EMA and the 135 EMA. The internal upward wave structure is truncated.

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.

Place a stop-loss order beyond the local high of the truncated upward structure.

Target levels: 1.1186; 1.1154.