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Technical analysis:
EUR/USD has been trading upside today and there was rejection of the rising trend-line the background, which is good sign for the further upside movement.
Due to the strong upside cycle, rejection of the rising trend-line and bullish reversal on RSI, there is the chance for the further growth towards upside reference..
Upside objective is set at the price of 1.0970
RSI oscillator is showing positive reversal, which is good sign for the further rally.
Key support is set at the price of 1.0830
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
