Technical
analysis
EUR/USD
has been trading upside
but there is potential for the downside rotation due to the extreme condition
Trading
recommendation:
Due
to the upside extreme condition I see potential for the downside
rotation towards downside reference points.
Watch
for potential selling opportunities with the downside objectives at
0.9940 and 0.9900.
Stochastic
oscillator is showing bearish divergence, which is sign that downside
rotation is possible.
The material has been provided by InstaForex Company – www.instaforex.com
