Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1246. According to the 30M time frame, I found broken Friday’s high at the price of 1.1210. Buyers are in control on this currency pair. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 100% at the price of 1.1290.
Resistance levels:
R1: 1.1195
R2: 1.1215
R3: 1.1230
Support levels:
S1: 1.1160
S2: 1.1143
S3: 1.1120
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 of 1.1246. According to the 30M time frame, I found broken Friday’s high at the price of 1.1210. Buyers are in control on this currency pair. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 100% at the price of 1.1290.
Resistance levels:
R1: 1.1195
R2: 1.1215
R3: 1.1230
Support levels:
S1: 1.1160
S2: 1.1143
S3: 1.1120
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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