Technical analysis:
EUR/USD has been trading sideways at the price of 1,1240. I see potential for the rally in the next period.
Trading recommendation:
Due to breakout of the falling wedge in the background, I see potential for the rally towards upside references.
Watch for buying opportunities on the pullbacks with the upside objectives at 1,1275, 1,1289 and 1,1320.
Support level is set at the price of 1,1225
