Technical analysis:
EUR/USD has been trading downside this morning but the support at the price of 1.0050 is on the test. I see potential for further upside continuation.
Trading recommendation:
Due to the strong upside momentum on the EUR and bull flag in creation, I see potential for further upside movement.
Watch for buying opportunities on the intraday dips with the upside objective at the price of 1.0155
Stochastic oscillator is showing fresh bull cross from oversold condition, which is sign taht buyers are in control.
Support is set at the price of 1.0050
