EURUSD: ⬆️ Buy
– EURUSD reversed from support level 1.1300
– Likely to rise to resistance level 1.1400
EURUSD currency pair recently reversed up from the key support zone located between the support level 1.1300 (former multi-month low from July) and the lower daily Bollinger Band.
The upward reversal from this support zone completed wave 5 of the minor impulse wave (3) and started the short-term corrective wave (4). Given the strength of the support level 1.1300 and the oversold daily Stochastic oscillator, EURUSD currency pair can be expected to rise further toward the next resistance level 1.1400