Technical analysis:
EUR/USD has been trading upwards this morning but on the low volume, which is sign of weak buying and potential for the sellers.
Trading recommendation:
Watch for potential selling opportunities with the downside targets at 1.2133, 1.2110 and 1.2080.
Massive resistance at the price of 1.2170 and good zone for sellers to join…
Stochastic oscillator is showing overbought condition and the potential for the downside rotation.
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
EUR/USD has been trading upwards this morning but on the low volume, which is sign of weak buying and potential for the sellers.
Trading recommendation:
Watch for potential selling opportunities with the downside targets at 1.2133, 1.2110 and 1.2080.
Massive resistance at the price of 1.2170 and good zone for sellers to join…
Stochastic oscillator is showing overbought condition and the potential for the downside rotation.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: