Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1388 in a ultra high volume. According to the 30M time frame, I found a successful test of supply in a low volume, which is a sign that the price is heading for higher levels. My advice is to watch for potential buying opportunities. I have placed Fibonacci levels to find potetnial upwards targets. The upward targets are set at the prices of 1.1385 and 1.1410.
Resistance levels:
R1: 1.1385
R2: 1.1410
R3: 1.1430
Support levels:
S1: 1.1345
S2: 1.1320
S3: 1.1300
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 upwards. The price tested the level of 1.1388 in a ultra high volume. According to the 30M time frame, I found a successful test of supply in a low volume, which is a sign that the price is heading for higher levels. My advice is to watch for potential buying opportunities. I have placed Fibonacci levels to find potetnial upwards targets. The upward targets are set at the prices of 1.1385 and 1.1410.
Resistance levels:
R1: 1.1385
R2: 1.1410
R3: 1.1430
Support levels:
S1: 1.1345
S2: 1.1320
S3: 1.1300
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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