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11.08.202012:56 Forex Analysis & Reviews: EUR/USD Attracting More Buyers!

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EUR/USD has decreased a little after the impressive growth, now is moving somehow sideways, but the outlook is still bullish, the uptrend is still intact, so the pair could resume its upwards movement.

The upside could continue as long as EUR/USD is traded, located, above the uptrend line. Only a drop below the uptrend line will invalidate further growth and will bring a selling opportunity.

EUR/USD Trading Tips

Buy EUR/USD if the price jumps above the previous high, let's say from 1.1915 level, the next upside target is seen at the 1.2000 psychological level.

Right now we cannot talk about a selling opportunity as long as the rate is located above the uptrend line.

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