Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2003. According to the 30M time frame, I found a successful rejection from the lower diagonal of the corrective downward channel, which is a sign that selling looks risky. I also found a successful test of Fibonacci expansion 100% at the price of 1.2011, which is a sign that sellers may exhausted themselves. My advice is to watch for potential buying opportunities. The first upward target is set at the price of 1.2050; and the second, at the price of 1.2075.
Resistance levels:
R1: 1.2095
R2: 1.2130
R3: 1.2175
Support levels:
S1: 1.2015
S2: 1.1965
S3: 1.1935
Trading recommendations for today: watch for potential buying opportunities.
