Recently, the EUR/USD has been trading sideways at the price of 1.1872. Anyway, according to the 30M time frame, I found a buying climatic action in the background and supply came in, which is a sign that buying looks risky. There is also a breakout of the symmetrical triangle, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1845 and 1.1815.
Resistance levels:
R1: 1.1900
R2: 1.1930
R3: 1.1965
Support levels:
S1: 1.1835
S2: 1.1800
S3: 1.1770
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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