Trading recommendation:
EUR is trading at the rising resistance, which is sign that buying looks very risky around 1,1300.
I see potential for the rotation downside towards the levels at 1,1257 and 1,1222.
Stochastic oscillator is in overbought area, which is another indication for the downside rotation.
Watch for selling opportunities with the downward targets at 1,1257 and 1,1222
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendation:
EUR is trading at the rising resistance, which is sign that buying looks very risky around 1,1300.
I see potential for the rotation downside towards the levels at 1,1257 and 1,1222.
Stochastic oscillator is in overbought area, which is another indication for the downside rotation.
Watch for selling opportunities with the downward targets at 1,1257 and 1,1222
The material has been provided by InstaForex Company – www.instaforex.com
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