EUR/USD analysis for July 09,2019 – Bullish diverrgence on the oscillators

Trading 09 juil 2019 Donner votre avis

The EUR did test-reject of the median Pitchfork channel and also key support at the price of 1.1190, which is sign that sellers got exhausted and that buyers may come into the play.

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The focus now shifts to FOMC meeting minutes tomorrow. Seems like the market is awaiting new information's before the next directional move .On the H4 time-frame I found that there is a bullish divergence on the Stochastic and MACD, which represents potential short-term rally. Upward targets are set at the price of 1.1270 and at the price of 1.1310. Both targets are based on the previous price action. As long as the EUR is trading above the 1.1180, I would watch for buying opportunities.

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