Recently, the EUR/USD pair has been trading sideways at the price of 1.1696. According to the M30 time – frame, I found the price rejected from the resistance pivot cluster at 1.1708, which is a sign that buying looks very risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1652 and at the price of 1.1630.
Resistance levels:
R1: 1.1727
R2: 1.1747
R3: 1.1785
Support levels:
S1: 1.1669
S2: 1.1631
S3: 1.1611
Trading recommendations for today: watch for selling opportunities.
