Technical analysis:
EUR/USD has been trading upwards.The price reacehd main multi-pivot resistance at the price of 1.1200.Due to test of major resistance, I expect downside movement towards the levels at 1.195, 1.1056 and 1.0955.
Additionally, I found massive buying climax few days ago, which is indication that buyers might be in the trouble. Watch for selling opportuniteis using the intraday frames like 15/30 minutes…
Major resistance level is set at the price of 1.1210
Support levels and downward targets are set at the price of 1.1095 and 1.1056
The material has been provided by InstaForex Company – www.instaforex.com
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