Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2290. Anyway, according to the 30M time frame, I found a fake breakout of yesterday's low at the price of 1.2260, which is a sign that selling at this stage looks risky. 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 target is set at the price of 1.2350.
Resistance levels:
R1: 1.2405
R2: 1.2500
R3: 1.2555
Support levels:
S1: 1.2258
S2: 1.2205
S3: 1.2110
Trading recommendations for today: watch for potential buying opportunities.
