Technical analysis:
EUR/USD has been trading upside as I expected and the price near our first upside objective at 1.0860. EUR is still in consolidation but in case of the upside breakout. There is chance for the higher prices towards 1.1100.
Trading recommendation:
Due to the strong upside pressure in the background and potential breakout of the trading range, I see potential for the further growth.
Watch for the potential buying opportunities in case the breakout of the resistance at 1.0870 with the upside objective at 1.1100.
Stochastic Oscillator is showing overbought condition but with no bear cross, which is sign that upside momentum is very strong.
Key support is set at the price of 1.0770
