EUR/USD -23/10/2021-

Hello everyone,
As previously anticipated, months ago, the downtrend for the pair is back in play following a positive shift in the Fed's policy and forecast for the us economy.
Technically:
• The pair is bullish short term, trading inside an upside parallel channel.
• Next resistance is the weekly high at 1.1670.
• Second next resistance is somewhere near 1.1720 where 3 critical points meet:
1- 50 day moving average;
2- Upper band of the ascending channel;
3- Descending trend line from May 21.
• Third and last resistance level should be at 1.1750 where, if reached, the downtrend should resume.

Good luck