EUR/USD has been trading downwards. The price tested and rejected of the important multi-pivot support at 1.1110. I do expect further upside movement and test of 1.1145, 1.1170 and 1.1200. Watch for buying opportunities.
MACD oscillator is showing bull divergence
Stochastic oscillator is showing oversold condition and fresh new bull cross, which is another confirmation for our bullish view.
Resistance levels are seen at 1.1145 and 1.1170
Support levels are set at 1.1115 and 1.1100
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