Recently, EUR/USD has been trading sideways at the price of 1.1647. . According to the H1 time - frame, I found a fake breakout of resistance at the price of 1.1647, which is a sign that buying looks risky. I also found a symmetrical triangle in creation, which is a sign that the market is in a consolidation phase. Anyway, since I found the potential end of the upward correction, my advice is to watch for potential selling opportunities if you see a valid brerakout of the symmetrical triangle. The downward targets are set at the price of 1.1576 and at the price of 1.1510.Resistance levels:
R1: 1.1669R2: 1.1678R3: 1.1683
Support levels: S1: 1.1655S2: 1.1650S3: 1.1641Trading recommendations for today: watch for potential selling opportunities.
