FX.co ★ EUR/USD for February 05,2020 - Buying zone for the EUR at the 1.1020

Technical analysis:

EUR has been trading downwards. The price tested the level of 1.1015 and reached the support zone. I would watch for buying opportunities because the support is active and there is potential for rotation up towards the 1.1061 and 1.1093. ADP Non-Farm Employment Change is the event, which may boost volatility on the USD.

MACD oscillator is showing negative reading below the zero and the slow line is turned to the downside, which is still representing short-term selling pressure.

Stochastic oscillator is showing oversold condition and potential bull cross, which is sign that sellers might be in the trouble.

Resistance levels are set at 1.1061 and 1.1093.