Recently, the EUR/USD pair has been trading downwards. According to the 1H time -frame, I found that price made a morning doji candle formation (bullish) and a fake breakout of yesterday's low at the price of 1.1816, which is a sign that selling looks risky. I also found an oversold condition on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportuntiies. The upward targets are set at the price of 1.1875 and at the price of 1.1900.
Resistance levels:
R1: 1.1881
R2: 1.1915
R3: 1.1946
Support levels:
S1: 1.1815
S2: 1.1783
S3: 1.1750
Trading recommendations for today: watch for potential buying opportunities.
