analytics59281386a8546.png

Recently, the EUR/USD pair has been trading sideways at the price of 1.1205. According to the 30M time frame, I found a resistance cluster at the price of 1.1230. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1170 and 1.1090.

Resistance levels:

R1: 1.1240

R2: 1.1255

R3: 1.1280

Support levels:

S1: 1.1195

S2: 1.1180

S3: 1.1160

Trading recommendations for today: consider potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.