Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD analysis for July 16 2021 - Fake breakout of the low and potential for rally towards 1.1835

parent
Forex Analysis:::2021-07-16T12:19:20

EUR/USD analysis for July 16 2021 - Fake breakout of the low and potential for rally towards 1.1835

Technical analysis:

EUR/USD analysis for July 16 2021 - Fake breakout of the low and potential for rally towards 1.1835

EUR/USD has been trading downwards today but I see big support at the price of 1.1797. Watch for the upside rotation.

Trading recommendation:

Watch for potential bullish opportunities due to the potential exhaustion from sellers in the balanced regime.

Upside targets are set at the price of 1.1820 and 1.1835.

Stochastic oscillator is showing oversold condition and potential for the upside rotation....

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...