FX.co ★ EUR/USD Buyers In Control!

EUR/USD has decreased a little but maybe only to retest the minor downtrend line and now it could come back higher. The outlook is bullish as the currency pair is trading far above the uptrend line, so further growth is favored.

A bullish run, fly above 1.1900 represents a great buying opportunity as EUR/USD will be expected to resume its uptrend, upwards movement. Personally, I believe that only a drop below 1.17 will suggest selling and will invalidate further growth.

• EUR/USD Trading Tips

Buy at 1.1920 level with an immediate target at 1.20 level. Breaking above this obstacle validates broader rally.

Sell below 1.17 with potential downside targets at 1.1495 and lower at 1.1456 levels.