Recently, EUR/USD has been trading sideways at the price of 1.0800. According to the 4H time frame, I still expect lower price. There is a divergent bar in the background, which is a sign that buying looks risky. Watch for potential selling opportunities. The downward targets are set at the price of 1.0725 and 1.0685.
Resistance levels:
R1: 1.0900
R2: 1.0915
R3: 1.0935
Support levels:
S1: 1.0860
S2: 1.0845
S3: 1.0825
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, EUR/USD has been trading sideways at the price of 1.0800. According to the 4H time frame, I still expect lower price. There is a divergent bar in the background, which is a sign that buying looks risky. Watch for potential selling opportunities. The downward targets are set at the price of 1.0725 and 1.0685.
Resistance levels:
R1: 1.0900
R2: 1.0915
R3: 1.0935
Support levels:
S1: 1.0860
S2: 1.0845
S3: 1.0825
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: