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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for August 15, 2018

analytics5b73f31fb4c4b.png

Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1315. According to the M30 time – frame, I found that price is trading below the daily pivot (1.1366), which is a sign that sellers are in control. I also found that price is below macd predictor, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1269 and at the price of 1.1236.

Resistance levels:

R1: 1.1404

R2: 1.1465

R3: 1.1503

Support levels:

S1: 1.1305

S2: 1.1269

S3: 1.1206

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com