Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0745. According to the 5M time frame, I found a trading range between the price of 1.0745 (resistance) and the price of 1.0715 (support). The price broke support at 1.0715, which is a sign that intraday buying looks risky. My advice is to watch for potenial intraday selling opportunties. The targets are set at the price of 1.0687 and 1.0666.
Resistance levels:
R1: 1.0750
R2: 1.0780
R3: 1.0835
Support levels:
S1: 1.0640
S2: 1.0605
S3: 1.0550
Trading recommendations for today: watch for potential selling opportunities.
