Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1496. According to the 30M time frame, I found a fake breakout of yesterday’s low, which is a sign that selling looks risky. I found a hidden bullish divergence on the moving average oscillator, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1540 and 1.1580.
Resistance levels:
R1: 1.1530
R2: 1.1540
R3: 1.1550
Support levels:
S1: 1.1510
S2: 1.1495
S3: 1.1487
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 downwards. The price tested the level of 1.1496. According to the 30M time frame, I found a fake breakout of yesterday’s low, which is a sign that selling looks risky. I found a hidden bullish divergence on the moving average oscillator, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1540 and 1.1580.
Resistance levels:
R1: 1.1530
R2: 1.1540
R3: 1.1550
Support levels:
S1: 1.1510
S2: 1.1495
S3: 1.1487
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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