Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1723. On the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found a potential end of consolidation after the breakout, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at 1.1830 and 1.1960.
Resistance levels:
R1: 1.1715
R2: 1.1735
R3: 1.1755
Support levels:
S1: 1.1675
S2: 1.1655
S3: 1.1635
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1723. On the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found a potential end of consolidation after the breakout, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at 1.1830 and 1.1960.
Resistance levels:
R1: 1.1715
R2: 1.1735
R3: 1.1755
Support levels:
S1: 1.1675
S2: 1.1655
S3: 1.1635
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: