Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1713. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday’s low at the price of 1.1722, which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1754 (pivot), 1.1785 (pivot resistance 1) and at the price of 1.1839 (extreme target, pivot resistance 2).
Resistance levels:
R1: 1.1785
R2: 1.1839
R3: 1.1873
Support levels:
S1: 1.1700
S2: 1.1668
S3: 1.1613
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 downwards. The price tested the level of 1.1713. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday’s low at the price of 1.1722, which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1754 (pivot), 1.1785 (pivot resistance 1) and at the price of 1.1839 (extreme target, pivot resistance 2).
Resistance levels:
R1: 1.1785
R2: 1.1839
R3: 1.1873
Support levels:
S1: 1.1700
S2: 1.1668
S3: 1.1613
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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