Recently, the EUR/USD pair has been upwards. As I expected, the price tested the level of 1.1475. I found an upward channel that means that buyers are in control today. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 61.8% at the price of 1.1500 and Fibonacci expansion 100% at the price of 1.1540.
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: EUR/USD analysis for July 17, 2017