Relevance up to 14:00 2022-07-28 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Technical analysis:
EUR/USD has been trading in the upside channel mode and there is potential for the downside continuation breakout. Trading recommendation: Due to the bear flag pattern in creation, I see potential for the further downside continuation. Watch for potential selling opportunities in case of the downside breakout. Downside objectives are set at the price of 1.0110 and 1.0000 Resistance is set at the price of 1.0180
Read more: https://www.instaforex.eu/forex_analysis/286233
Read more: https://www.instaforex.eu/forex_analysis/286233
