Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1569. Anyway, most recently, I have found that breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found the breakout of the downward channel, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1665.
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1569. Anyway, most recently, I have found that breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found the breakout of the downward channel, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1665.
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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