Germany April flash manufacturing PMI 66.4 vs 65.8 expectedFurther Development

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Analyzing the current trading chart of EUR/USD, I found that there is completion of the ABC downside correction and potential for the upside continuation.

My advice si to watch for potential buying opportunities on the dips with the upside targets at 1.2110 and 1.2230.

Additionally, there is the bullish cross on the Stochastic, which is good confirmation for the further upside continuation.

Key Levels:Resistance: 1.2110 and 1.2230Support levels: 1.2000

The material has been provided by InstaForex Company – www.instaforex.com

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