Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1785. According to the 30M time frame, I found fake breakout of resistance, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.1715.
Resistance levels:
R1: 1.1805
R2: 1.1840
R3: 1.1890
Support levels:
S1: 1.1720
S2: 1.1670
S3: 1.1640
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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