Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1662. According to the 15M timeframe, I found a fake breakout of yesterday’s high at the price of 1.1655, which is a sign that buying looks risky today. I also found a confirmation of a fake breakout in the background, which is a sign that there is weakness. Watch for potential selling opportunities. Downward targets are set at the price of 1.1609 (FR 50%), 1.1596 (FR 61.8%) and 1.1578 (FR 78.6%).
Resistance levels:
R1: 1.1669
R2: 1.1697
R3: 1.1738
Support levels:
S1: 1.1600
S2: 1.1558
S3: 1.1530
Trading recommendations for today: watch for potential selling 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 1.1662. According to the 15M timeframe, I found a fake breakout of yesterday’s high at the price of 1.1655, which is a sign that buying looks risky today. I also found a confirmation of a fake breakout in the background, which is a sign that there is weakness. Watch for potential selling opportunities. Downward targets are set at the price of 1.1609 (FR 50%), 1.1596 (FR 61.8%) and 1.1578 (FR 78.6%).
Resistance levels:
R1: 1.1669
R2: 1.1697
R3: 1.1738
Support levels:
S1: 1.1600
S2: 1.1558
S3: 1.1530
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: