Recently, the EUR/USD pair has been trading sideways at the price of 1.1205. According to the 30M time frame, I found a broken upward trendline and successful confirmation of the resistance (double top). My advice is to watch for selling opportuntiies. The downward targets are set at 1.1200, 1.1180 and 1.1160.
Resistance levels:
R1: 1.1285
R2: 1.1300
R3: 1.1315
Support levels:
S1: 1.1250
S2: 1.1240
S3: 1.1220
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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