Analysis of the EURUSD currency pair for October 22, 2026
Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.
October 22, 2026
EURUSD
The trend is downward. The currency pair is trading between the 365 EMA and the 135 EMA. The upward wave structure is truncated. The Awesome Oscillator shows a bearish divergence, and the Stochastic Oscillator lines also indicate a bearish divergence.
Trading idea:
Sell upon the formation of a downward wave structure, where wave (A) breaks through the trendline of the upward truncated structure.
Stop Loss – 1.1262 (placed beyond the local high of the upward truncated structure).
Target levels – 1.1180; 1.1154.
