Recently, the EUR/USD pair has been trading sideways at the price of 1.2245. According to the 30M time frame, I found a fake breakout of yesterday's low at the price of 1.2195, which is a sign that selling looks risky. I also found a valid breakout of pivot level (1.2228), which is a sign that buyers are in control. My advice is to watch for potential buying opportuntiies. The upward targets are set at 1.2278 and 1.2370.
Resistance levels:
R1: 1.2279
R2: 1.2374
R3: 1.2425
Support levels:
S1: 1.2133
S2: 1.2082
S3: 1.1987
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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