Recently, the EUR/USD has been trading downwards. The price tested the level of 1.2186. According to the M30 time frame, I found strong intraday selling pressure (ADX reading above 30), which is a sign that buying looks risky. I also found that ADX peaked on the rally, which is another sign that potential downward pressure may resume. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2186 and at the price of 1.2155.
Resistance levels:
R1: 1.2256
R2: 1.2283
R3: 1.2320
Support levels:
S1: 1.2195
S2: 1.2157
S3: 1.2132
Trading recommendations for today: watch for potential selling opportunities.
