Recently, EUR/USD has been trading upwards. The price tested the level of 1.1726. According to the H1 time – frame, I found a rising trendline, which is a sign that buyers are in control. I also found a potential end of the flat ABC downward correction in the background, which is another sign of weakness. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1835.
Resistance levels:
R1: 1.1725
R2: 1.1757
R3: 1.1795
Support levels:
S1: 1.1654
S2: 1.1617
S3: 1.1584
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, EUR/USD has been trading upwards. The price tested the level of 1.1726. According to the H1 time – frame, I found a rising trendline, which is a sign that buyers are in control. I also found a potential end of the flat ABC downward correction in the background, which is another sign of weakness. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1835.
Resistance levels:
R1: 1.1725
R2: 1.1757
R3: 1.1795
Support levels:
S1: 1.1654
S2: 1.1617
S3: 1.1584
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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