Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1798. According to the 15M time – frame, I found successful rejection from pivot resistance 1 at the price of 1.1792. I also found a hidden bearish divergence on the stochastic oscillator, which is sign that buying looks risky.
Resistance levels:
R1: 1.1792
R2: 1.1835
R3: 1.1855
Support levels:
S1: 1.1730
S2: 1.1710
S3: 1.1667
Trading recommendations for today: watch for potential selling opportunities.
