FX.co ★ EUR/USD for December 09,2019 - Mini buy signal after the breakout of downward channel

EUR/USD has been trading upside in last 24 hours. I see that there is fresh buy signal on the EUR with potential for test of 1.1116 and 1.1172. Watch for buying opportunities on the dips on lower frames. Additionally, I found the breakout of the mini Pitchfork downward channel.

Stochastic oscillator is showing oversold condition and fresh new bull cross, which adds more confirmation for our bullish view.

Resistance levels are seen at 1.1116 and 1.1172. Support levels are set at 1.1028