Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1202. According to the 30M time frame, I found a broken bearish flag, which is a sign of bearish continuation. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1200 and 1.1170.
Resistance levels:
R1: 1.1245
R2: 1.1280
R3: 1.1300
Support levels:
S1: 1.1190
S2: 1.1169
S3: 1.1135
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 1.1202. According to the 30M time frame, I found a broken bearish flag, which is a sign of bearish continuation. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1200 and 1.1170.
Resistance levels:
R1: 1.1245
R2: 1.1280
R3: 1.1300
Support levels:
S1: 1.1190
S2: 1.1169
S3: 1.1135
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: