Recently, the EUR/USD pair has been trading sideways at the price of 1.1413. According to the H1 time – frame, I have found a bullish breakout of a 12-hour balance in the background, which is a sign that buyers are in control and that selling looks risky. I also found a piercing candle pattern in the background, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1437 and at the price of 1.1475.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the EUR/USD pair has been trading sideways at the price of 1.1413. According to the H1 time – frame, I have found a bullish breakout of a 12-hour balance in the background, which is a sign that buyers are in control and that selling looks risky. I also found a piercing candle pattern in the background, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1437 and at the price of 1.1475.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: