Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1756. According to the 15 time - frame, I found successful rejection from the pivot support 1 at the price of 1.1763, which is sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunties. The upwards targets are set at the price of 1.1811 (pivot level) and at the price of 1.1839 (pivot resistance 1).
Resistance levels:
R1: 1.1812
R2: 1.1839
R3: 1.1888
Support levels:
S1: 1.1763
S2: 1.1736
S3: 1.1687
Trading recommendations for today: watch for potential buying opportunities.
