Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.0903. According to the daily time frame, I found a bearish outside bar (reversal bar) and today the market made a high first and then the price made a new low, which is a sign that sellers are in control. My advice is to watch for selling opportunities. Targets are set at the price of 1.0855 and 1.0820.
Resistance levels:
R1: 1.0995
R2: 1.1020
R3: 1.1065
Support levels:
S1: 1.0912
S2: 1.0890
S3: 1.0845
Trading recommendations for today: consider 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 of 1.0903. According to the daily time frame, I found a bearish outside bar (reversal bar) and today the market made a high first and then the price made a new low, which is a sign that sellers are in control. My advice is to watch for selling opportunities. Targets are set at the price of 1.0855 and 1.0820.
Resistance levels:
R1: 1.0995
R2: 1.1020
R3: 1.1065
Support levels:
S1: 1.0912
S2: 1.0890
S3: 1.0845
Trading recommendations for today: consider selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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