FX.co - EUR/USD analysis for July 26 2021 - Falling wedge and potential for the rally towards 1.1960

2021-07-26T11:36:58

Relevance until2021-07-28

Technical analysis:

EUR/USD analysis for July 26 2021 - Falling wedge and potential for the rally towards 1.1960

EUR/USD has been trading upwards as I expected and there is still falling wedge pattern in the play based on the daily time-frame.

Trading recommendation:

Watch for potential buying opportunities on the dips with the upside targets at the price of 1.874 and 1,1960.

Stochastic oscillator is showing oversold condition with the fresh bull cross, which is another confirmation for the rise....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for July 26 2021 - Falling wedge and potential for the rally towards 1.1960