Recently, EUR/USD has been trading sideways at the price of 1.1566. According to the H1 time - frame, I found potential C wave in creation, which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for a potential breakout of intraday supply trendline to confirm further upward movement. The upward targets are set at the price of 1.1630 and at the price of 1.1690.
Resistance levels:
R1: 1.1582
R2: 1.1597
R3: 1.1605
Support levels:
S1: 1.1558
S2: 1.1550
S3: 1.1535
Trading recommendations for today: watch for potential buying opportunities.
