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FX.co ★ EUR/USD analysis for August 02 2021 - Breakout of consolidation and potentia lfor rally towards 1.965

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Forex Analysis:::2021-08-02T12:35:57

EUR/USD analysis for August 02 2021 - Breakout of consolidation and potentia lfor rally towards 1.965

Technical analysis:

EUR/USD analysis for August 02 2021 - Breakout of consolidation and potentia lfor rally towards 1.965

EUR has been trading upwards as I expected. I see potential for further rally towards $1,910

Trading recommendation:

Due to the bullish trend and the breakout of the sideways regime, watch for buying opportunities on the pullbacks.

Upside targets are set at the price of $1,908 and $1,968.

Stochastic oscillator is showing negative reading but there is no price action to confirm.

Analyst InstaForex
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