Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1141. According to the 30M time frame, I found that price doesn’t have enough power to reject from yesterday’s low and that sellers are still present. My advice is to watch for selling opportunities today. The downward target is set at the price of 1.1100.
Resistance levels:
R1: 1.1195
R2: 1.1240
R3: 1.1270
Support levels:
S1: 1.1120
S2: 1.1095
S3: 1.1050
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 1.1141. According to the 30M time frame, I found that price doesn’t have enough power to reject from yesterday’s low and that sellers are still present. My advice is to watch for selling opportunities today. The downward target is set at the price of 1.1100.
Resistance levels:
R1: 1.1195
R2: 1.1240
R3: 1.1270
Support levels:
S1: 1.1120
S2: 1.1095
S3: 1.1050
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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