Technical analysis:
EUR/USD has been trading sideways at the price of 1.0620 and I found rising wedge pattern in creation and potential for the breakout mode.
In case of the downside breakout of the support at 1.0580, there is the chance for the further drop towards downside reference at 1.0485
IN case of the upside breakout of the resistance at 1.0645, there is the chance for the higher prices towards upside reference at 1.0720
RSI reading is neutral around 50 level
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
EUR/USD has been trading sideways at the price of 1.0620 and I found rising wedge pattern in creation and potential for the breakout mode.
In case of the downside breakout of the support at 1.0580, there is the chance for the further drop towards downside reference at 1.0485
IN case of the upside breakout of the resistance at 1.0645, there is the chance for the higher prices towards upside reference at 1.0720
RSI reading is neutral around 50 level
The material has been provided by InstaForex Company – www.instaforex.com
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