Recently, the EUR/USD pair has been trading sideways at the price 1.1415. Anyway, according to the 30M time frame, I found a fake breakout of a two-day low in the background, which is a sign that selling looks risky. Relative strength index looks strong and my advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1455.
Resistance levels:
R1: 1.1415
R2: 1.1420
R3: 1.1430
Support levels:
S1: 1.4000
S2: 1.1390
S3: 1.1385
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com