Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1816. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday's low at the price of 1.1827, which is a sign that selling looks risky. I also found a hidden bullish divergence on the RSI oscillator and bullish outside bar, which is a sign that buyers came into the market. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1848 and at the price of 1.1881.
Resistance levels:
R1: 1.1896
R2: 1.1956
R3: 1.1997
Support levels:
S1: 1.1805
S2: 1.1770
S3: 1.1712
Trading recommendations for today: watch for potential buying opportunities.
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