Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0821. According to the 1H time frame, I found broken falling wedge and upward cycle. My advice is to watch for potential buying opportunities. There is also an upward channel, which is holding successfully. Targets are set at the price of 1.0820, 1.0900, and 1.0950.
Resistance levels:
R1: 1.0800
R2: 1.0810
R3: 1.0820
Support levels:
S1: 1.0770
S2: 1.0760
S3: 1.0750
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0821. According to the 1H time frame, I found broken falling wedge and upward cycle. My advice is to watch for potential buying opportunities. There is also an upward channel, which is holding successfully. Targets are set at the price of 1.0820, 1.0900, and 1.0950.
Resistance levels:
R1: 1.0800
R2: 1.0810
R3: 1.0820
Support levels:
S1: 1.0770
S2: 1.0760
S3: 1.0750
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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