Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1899. Anyway, according to the 30M time – frame, I found that strong reistance at the price of 1.1900 is on the test, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1870 and at the price of 1.1820.
Resistance levels:
R1: 1.1875
R2: 1.1893
R3: 1.1905
Support levels:
S1: 1.1844
S2: 1.1830
S3: 1.1810
Trading recommendations for today: watch for potential selling opportunities.
