Recently, the EUR/USD pair has been trading trading downwards. The price tested the level of 1.2334. Anyway, according to the 30M time – frame, I found a bullish breakout of supply trendline (resistance), which is a sign that buyers are in control. I also found a hidden bullish divergence on the moving average oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.2430 and at the price of 1.2490.
Resistance levels:
R1: 1.2430
R2: 1.2480
R3: 1.2527
Support levels:
S1: 1.2335
S2: 1.2290
S3: 1.2240
Trading recommendations for today: watch for potential buying opportunities.
