Recently, the EUR/USD pair has been trading upward. The price tested the level of 1.0941. Anyway, according to the 1H time frame, I found strong resistance near the price of 1.0940, which is a sign that buying at this stage looks risky. I found a supply trendline and horizontal cluster. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 1.0875.
Resistance levels:
R1: 1.0935
R2: 1.0955
R3: 1.0975
Support levels:
S1: 1.0890
S2: 1.0875
S3: 1.0855
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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