Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1385. Anyway, according to the 30M time frame, I found fake breakout of yesterday’s low at the price of 1.1390. My advice is to watch for potential buying opportunities. The RSI is oversold, which is another sign of strength. The upward target Is set at the price of 1.1455.
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 13, 2017