Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1419. According to the M30 time – frame, I found a false breakout of the yesterday's high at the price of 1.1408, which is a sign that buying looks risky. I also found the level of 1.1400 (round number) to be a critical resistance at this stage. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1350, 1.1337, and 1.1300.
Resistance levels:
R1: 1.1410
R2: 1.1445
R3: 1.1483
Support levels:
S1: 1.1337
S2: 1.1299
S3: 1.1264
Trading recommendations for today: watch for potential selling opportunities.
