Recently, the EUR/USD pair has been trading sideways at the price of 1.2268. According to the 30M time - frame, I found that the price did successful rejection of pivot resistance 1, which is a sign that buying looks risky. I also found an upward trendline and my advice is to watch for potential breakout to confirrm further downward movement. The downward targets are set at the price of 1.2208 and at the price of 1.2170. Anyway, if the price breaks the level of 1.2290, price might visit level of 1.2335.
Resistance levels:
R1: 1.2290
R2: 1.2340
R3: 1.2375
Support levels:
S1: 1.2208
S2: 1.2170
S3: 1.2125
Trading recommendations for today: watch for potential selling opportunities.
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