Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0605. According to the 1H time frame, I found broken downward trendline in the background and successful changing in trend dynamic from bearish to bullish. The price is making higher highs and higher lows, which is good sign of strength. My advice is to watch for potential buying opportunties. The first target is set at the price of 1.0675.
Resistance levels:
R1: 1.0630
R2: 1.0675
R3: 1.0715
Support levels:
S1: 1.0545
S2: 1.0505
S3: 1.0465
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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