Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.0688. My first target from the previous analysis at the price of 1.0700 has been met. According to the 1H time frame, there is a still hidden bearish divergence on the oscillator in the background, which is a sign that buying still looks risky. My advice is to watch for potential selling opportunities. The targets are set at the prices of 1.0640 and 1.0605.
Resistance levels:
R1: 1.0760
R2: 1.0810
R3: 1.0835
Support levels:
S1: 1.0690
S2: 1.0660
S3: 1.0615
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.0688. My first target from the previous analysis at the price of 1.0700 has been met. According to the 1H time frame, there is a still hidden bearish divergence on the oscillator in the background, which is a sign that buying still looks risky. My advice is to watch for potential selling opportunities. The targets are set at the prices of 1.0640 and 1.0605.
Resistance levels:
R1: 1.0760
R2: 1.0810
R3: 1.0835
Support levels:
S1: 1.0690
S2: 1.0660
S3: 1.0615
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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