Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1762. According to the 15M time -frame, I found a breakout of the upward trendline, which is a sign that buying looks risky. There is a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1730 and 1.1700.
Resistance levels:
R1: 1.1770
R2: 1.1790
R3: 1.1810
Support levels:
S1: 1.1725
S2: 1.1700
S3: 1.1685
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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