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The EUR/USD pair has been trading very closely to the weekly low of 1.2905. The probability of an upward bounce is imminent, but it is necessary to be cautious and do not sell at current levels.
We must wait for the fundamental data release. In view of this range indicator is oversold and is showing signs of a correction. Therefore, we recommend buying 1.2920 with short-term to 1.3200
The Stop Loss is to be placed below the 1.2905 level. Around the 1.2890. We are concerened about operating the instruments in the oversold area.
Gerardo Porras is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.
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