Technical analysis:
EUR/USD has been trading upside this morning but I found that market is testing important pivot resistance at 1.0893.
In case of the rejection of the resistance at 1.0893, I see potential downside rotation towards $1.0850.
In case fo the breakout and hold above resistance at 1.0893, I see further rally towards 1.0920 and 1.0950
Stochastic oscillator is showing bullish divergence and bull reading.
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
EUR/USD has been trading upside this morning but I found that market is testing important pivot resistance at 1.0893.
In case of the rejection of the resistance at 1.0893, I see potential downside rotation towards $1.0850.
In case fo the breakout and hold above resistance at 1.0893, I see further rally towards 1.0920 and 1.0950
Stochastic oscillator is showing bullish divergence and bull reading.
The material has been provided by InstaForex Company – www.instaforex.com
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