Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1381. Anyway, according to the 15M time frame, I found a successful test of Friday’s low at the price of 1.1379, which is a sign that selling looks risky. I also found a testing of the diagonal upward trendline, which is another sign that selling looks risky. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.1415 and 1.1425.
Resistance levels:
R1: 1.1407
R2: 1.1415
R3: 1.1420
Support levels:
S1: 1.1395
S2: 1.1390
S3: 1.1380
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 has been trading downwards. The price tested the level of 1.1381. Anyway, according to the 15M time frame, I found a successful test of Friday’s low at the price of 1.1379, which is a sign that selling looks risky. I also found a testing of the diagonal upward trendline, which is another sign that selling looks risky. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.1415 and 1.1425.
Resistance levels:
R1: 1.1407
R2: 1.1415
R3: 1.1420
Support levels:
S1: 1.1395
S2: 1.1390
S3: 1.1380
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: