Technical analysis:
EUR/USD has been trading downside and the price is testing the key support zone at the price of 1.0865. There is the chance for the upside rotation.
Trading recommendation:
Due to the test of the strong support zone at the price of 1.0865, I see potential for the further upside movement towards upside zone.
Watch for the potential buying opportunities with the upside objectives at 1.0900 and 1.0920
Stochastic oscillator is showing bullish divergence and oversold condition, which is sign that buyers can join…
Key support is set at the price of 1.0865
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
EUR/USD
has been trading downside
and the price is testing the key support zone at the price of 1.0865.
There is the chance for the upside rotation.
Trading
recommendation:
Due
to
the test of the strong support zone at the price of 1.0865,
I see potential for the further upside movement towards upside zone.
Watch
for the potential buying opportunities with
the upside objectives at 1.0900
and 1.0920
Stochastic
oscillator is showing bullish
divergence and oversold condition, which is sign that buyers can
join…
Key
support is set at the price of 1.0865
The material has been provided by InstaForex Company – www.instaforex.com
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