Recently, the EUR/USD pair has been trading 1.1740. According to the 15M time - frame, I found successful rejection from pivot level at the price of 1.1735, which is a sign that selling looks risky. I also found a broken supply trendline and a hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1759 (pivot resistance 1), 1.1780 (pivot resistance 2) and at the price of 1.1804 (pivot resistance 3).
Resistance levels:
R1: 1.1759
R2: 1.1780
R3: 1.1804
Support levels:
S1: 1.1715
S2: 1.1692
S3: 1.1670
Trading recommendations for today: watch for potential buyingg opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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