Recently, the EUR/USD pair has been trading sideways at the price of 1.0600. According to the 4H time frame, I found a bearish flag formation inside of downward channel, which is a sign that sellers are in control and that buying looks risky. My advice is to watch for potential selling opportunitties. The short-term trend is downward.
Resistance levels:
R1: 1.0630
R2: 1.0640
R3: 1.0655
Support levels:
S1: 1.0600
S2: 1.0585
S3: 1.0575
Trading recommendations for today: watch for potential selling opportunities.
