Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1817. According to the 30M time – frame, I found broken pennant in the background, which is sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the pice of 1.1820 (FR 50%) and at the price of 1.1800 (FR 61.8%).
Resistance levels:
R1: 1.1893
R2: 1.1910
R3: 1.1933
Support levels:
S1: 1.1850
S2: 1.1830
S3: 1.1812
Trading recommendations for today: watch for potential selling opportunities.
