Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1858. According to the 15M time – frrame, I found a fake breakout of yesterday's high at the price of 1.1848, which is sign that buying looks risky. I also found a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1825, 1.1817 and at the price of 1.1809.
Resistance levels:
R1: 1.1867
R2: 1.1895
R3: 1.1940
Support levels:
S1: 1.1795
S2: 1.1750
S3: 1.1723
Trading recommendations for today: watch for potential selling opportunities.
