Technical analysis:
EUR/USD has been trading sideways at the price of 1.0550 and I see potential for the rejection or the breakout of the key resistance at 1.0560.
In case of the breakout of resistance at 1.0560, I see potential for the further rally towards upside references at 1.0585 and 1.0610
In case of the rejection of the resistance at 1.0560, there is the chance for the downside movement towards lower reference at 1.0500
RSI oscillator is showing the market is in the upside regime on the hourly time-horizon,
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
EUR/USD has been trading sideways at the price of 1.0550 and I see potential for the rejection or the breakout of the key resistance at 1.0560.
In case of the breakout of resistance at 1.0560, I see potential for the further rally towards upside references at 1.0585 and 1.0610
In case of the rejection of the resistance at 1.0560, there is the chance for the downside movement towards lower reference at 1.0500
RSI oscillator is showing the market is in the upside regime on the hourly time-horizon,
The material has been provided by InstaForex Company – www.instaforex.com
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