{"id":120147,"date":"2025-10-21T09:33:47","date_gmt":"2025-10-21T05:33:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120147"},"modified":"2025-10-21T09:33:50","modified_gmt":"2025-10-21T05:33:50","slug":"eur-usd-double-bottom-points-to-potential-upside-reversal-21-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-double-bottom-points-to-potential-upside-reversal-21-10-2025\/10\/21\/tech-analysis\/","title":{"rendered":"EUR\/USD Double Bottom Points to Potential Upside Reversal 21\/10\/2025"},"content":{"rendered":"\n<p>EUR\/USD reversed the prior upside bias after failing to hold <strong>above 1.1640<\/strong>, slipping to an early-session low at <strong>1.1632<\/strong> and tilting the near-term tone lower.<\/p>\n\n\n\n<p><strong>Technical:<\/strong><br>On the 4-hour chart, price is <strong>temporarily below 1.1640<\/strong>, skewing risk to the downside, though the <strong>50-period SMA<\/strong> is still trying to <strong>prop price from below<\/strong>, hinting buyers could re-engage. <strong>RSI<\/strong> is nearing <strong>oversold<\/strong>, raising the prospect of <strong>positive divergence<\/strong>, while a <strong>double-bottom<\/strong> setup continues to argue for a corrective bounce if support holds.<\/p>\n\n\n\n<p><strong>Base case (recovery attempt):<\/strong><br>Sustained <strong>holding above 1.1620<\/strong> favors a rebound toward <strong>1.1660<\/strong>; a break higher would open <strong>1.1690<\/strong>, then <strong>1.1720<\/strong>.<\/p>\n\n\n\n<p><strong>Alternative (downside extension):<\/strong><br>An <strong>hourly close below 1.1600<\/strong> would likely restore selling pressure and <strong>extend losses toward 1.1575<\/strong>.<\/p>\n\n\n\n<p><strong>Risk:<\/strong><br>Trade\/geopolitical headlines can trigger sharp two-way moves. Use disciplined sizing and clear invalidation levels; conditions may not suit all risk profiles.<br><br><strong>Risk Disclaimer:<\/strong> Trading CFDs involves risks, and therefore the scenarios outlined above are not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: 1.1600<\/strong><\/td><td><strong>R1: 1.1690<\/strong><\/td><\/tr><tr><td><strong>S2: 1.1575<\/strong><\/td><td><strong>R2: 1.1720<\/strong><\/td><\/tr><tr><td><strong>S3: 1.1530<\/strong><\/td><td><strong>R3: 1.1760<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><br><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD reversed the prior upside bias after failing to hold above 1.1640, slipping to an early-session low at 1.1632 and tilting the near-term tone lower. Technical:On the 4-hour chart, price is temporarily below 1.1640, skewing risk to the downside, though the 50-period SMA is still trying to prop price from below, hinting buyers could re-engage. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":120153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-120147","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120147"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120147\/revisions"}],"predecessor-version":[{"id":120154,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120147\/revisions\/120154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/120153"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}