FX.co ★ EUR/USD analysis for April 29 2021 - Oversold condiiton and completion fo the ABC downside correction

Further Development

Analyzing the current trading chart of EUR, I found that there is completion of the downside correction ABC, which is sign for the further upside continuation.

My advice is to watch for buying opportunities on the dips with the upside targets at 1.2150 and 1.2230.

Additionally, there is the oversold condiiton on the Stochastic oscillator on the 1H time-frame and the fresh new bull cross, which is another sign of the strength....