EUR/USD has been trading upwarrds. As I expected, the EURR tested the level of 1.0870 and reached our downward target from yesterday at 1.0862. There is still potential for the upside movement and test of the upper parallel trend line at 1.0885 and even test of 1.0920
I would watch for buying with the upward targets at 1.0885 and 1.0920. There is the big support and Pitchfork warning line 2 at the price of 1.0830, which is good zone to load long positions.
Stochastic oscillator is showing oversold condition and bull cross, which is another confirmation for the further upside movement.
Resistance levels are set at the price of 1.0885 and 1.0920.
Support levels are set at the price of 1.0830 and 1.0805
