Forex Market Analysis for 7.10.2026

Hello. Below are several Forex trading recommendations for 7.10.2026

EURUSD stopped at 1.1212 and will likely begin an upward correction after a strong, nearly pullback-free decline. Our correction targets are the FVG at 1.1285 and the slightly higher 1.1361 level. There I will seek new sell trades targeting 1.1074. The buildup of buyers in the trade statistics should help the downtrend continue.

At the start of the week, USDCHF formed two opposing Pin Bar patterns: on the weekly chart below 0.8343 and on the daily chart at 0.8246. We are now trying to work out the daily-chart pattern and continue rising. But watch the reaction when last week's 0.8382 high is exceeded. We may form something like a Double Top and enter a downward correction for a couple of weeks, starting to work out the weekly-chart pattern. I am not considering new trades now and will watch the situation.

Best regards, Artem aka TeaDrinker