FX.co ★ Gold 12.10.2019 - Potential for the upward cycle

EUR/USD has been trading upwards, exactly what I expected yesterday . EUR/USD is heading towards our first upward target at the price of 1.1116 and potential second upward target at 1.1172.

Stochastic oscillator is showing increase on the upside momentum, which is good sign that buyers are in control and that buying on the dips is preferable strategy for today

Resistance levels are seen at 1.1116 and 1.1172. Main support level is set at the price of 1.1041.