Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1836. According to the 1H time - frame, I found rejection from that support level at the price of 1.1850. I also found a hidden bullish divergence on the stochastic oscillator, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1896 (pivot) and at the price of 1.1940 (pivot resistance 1).
Resistance levels:
R1: 1.1942
R2: 1.1986
R3: 1.2030
Support levels:
S1: 1.1850
S2: 1.1807
S3: 1.1760
Trading recommendations for today: watch for potential buying opportunities.
