Recently, the EUR/USD pair has been trading downwards. The price tested the level 1.067. According to the 30M time frame, I found that price is trading in the well-defined downward channel, which is an indication that buying looks risky. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.0620.
Resistance levels:
R1: 1.0745
R2: 1.0770
R3: 1.0810
Support levels:
S1: 1.0665
S2: 1.0640
S3: 1.0600
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 downwards. The price tested the level 1.067. According to the 30M time frame, I found that price is trading in the well-defined downward channel, which is an indication that buying looks risky. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.0620.
Resistance levels:
R1: 1.0745
R2: 1.0770
R3: 1.0810
Support levels:
S1: 1.0665
S2: 1.0640
S3: 1.0600
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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