FX.co ★ EUR/USD for July 23,2019 -Buying divergence on oscillators

EUR did trade lower at the price of 1.1166 in past 15 hours during the Asia session and Europe, which is sign that there is the further risk that EUR can trade on US session downward. I do expect some kind of rotation upward during the US session. My advice is to watch for potential buying opportunities.

Trading recommendation:

Yellow rectangle – 1.120 Resistance

Blue rectangle – 1.1144 Support On the hourly time-frame I found that EUR found that there is still downside momentum and selling pressure. But there is the bullish divergence on the %B oscillator and stochastic oscillator, which is sign that there might be rotation up. As long as the EUR is trading above the 1.1100, I would watch for upward movements.