Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2444. According to the 30M time – frame, I found series of higher highs and higher lows, which is a sign that buyers are in control. I also found a bullish cross on the stochastic oscillator, which is another sign of strength. Anyway, watch for a breakout of resistance at 1.2441 to confirm further upward continuation. The upward target is set at the price of 1.2477.
Resistance levels:
R1: 1.2441
R2: 1.2477
R3: 1.2533
Support levels:
S1: 1.2350
S2: 1.2292
S3: 1.2257
Trading recommendations for today: watch for potential buying opportunities.
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