Recently, the EUR/USD pair has been trading sideways at the price of 1.0735. According to the 4H time frame, I found successful rejection of the resistance at the price of 1.0775. There is also a hidden bearish divergence on the relative strength index oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The first target is set at the price of 1.0665.
Resistance levels:
R1: 1.0773
R2: 1.0789
R3: 1.0815
Support levels:
S1: 1.0720
S2: 1.0705
S3: 1.0680
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 pair has been trading sideways at the price of 1.0735. According to the 4H time frame, I found successful rejection of the resistance at the price of 1.0775. There is also a hidden bearish divergence on the relative strength index oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The first target is set at the price of 1.0665.
Resistance levels:
R1: 1.0773
R2: 1.0789
R3: 1.0815
Support levels:
S1: 1.0720
S2: 1.0705
S3: 1.0680
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: