EUR/USD continues to stay above 1.1765 level signalings that the sellers are exhausted. Failing to stabilize below the former low, signals that the pair could come back towards the downtrend line again.
Failing to drop towards the downsloping line signaled an oversold situation and announce a potential growth.
Trading Conclusion!
EUR/USD could develop an important growth if it jumps and stays above the downtrend line. Such a breakout could signal a potential growth towards the 1.1900 psychological level.
The material has been provided by InstaForex Company - www.instaforex.com