Recently, the EUR/USD pair has been trading sideways at the price of 1.5582. According to the 30M time frame, I found upthrust bar (bearish signal) and overbought level according to the bolinger bands. My advice is to watch for potential selling opportunities. The first target is set at the price of 1.0552 (swing low).
Resistance levels:
R1: 1.0586
R2: 1.0591
R3: 1.0600
Support levels:
S1: 1.0565
S2: 1.0560
S3: 1.0550
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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