Recently, the EUR/USD pair has been downwards. The price tested the level of 1.1702. On the 30M time frame chart, I found a strong support at the price of 1.1700 (round number). My advice is to watch for potential buying opportuntiies. The RSI is looking oversold, which is a sign of potential strength. The upward targets are set at the price of 1.1760 and 1.1775.
Resistance levels:
R1: 1.1780
R2: 1.1825
R3: 1.1910
Support levels:
S1: 1.1650
S2: 1.1565
S3: 1.1520
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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