Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1315. According to the M30 time – frame, I found that price is trading below the daily pivot (1.1366), which is a sign that sellers are in control. I also found that price is below macd predictor, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1269 and at the price of 1.1236.
Resistance levels:
R1: 1.1404
R2: 1.1465
R3: 1.1503
Support levels:
S1: 1.1305
S2: 1.1269
S3: 1.1206
Trading recommendations for today: watch for potential selling opportunities.
