FX.co ★ EUR/USD for July 24,2019 - Sellers got exhauster, potential rally incoming

Nothing special changed since our last analysis except that I got more evidence for further upside on EUR. My advice is to watch for potential buying opportunities due to sellers exhaustion. Upward target Is set at the price of 1.1206.

Trading recommendation:

Yellow rectangle – Resistance (1.1206)

Blue rectangle – Support 1.1144

Bullish divergence on the percent Bollinger oscillator in the background is the sign of the potential rally incoming. Additional confirmation is that Stochastic oscillator got fresh new bull cross, which is another sign of the potential strength. After the yesterday's big drop, today EUR is trying to find the balance and potentially start to rally. It is very unlikely that EUR take the major swing low at the price of 1.1107. Watch for buying opportunity with the upward target at the price of 1.1206.