Recently, the EUR/USD pair has been trading sideways at the price of 1.0900. According to the 4H time frame, I found a broken rising wedge (bearish pattern). The price also did successful re-test of the upward diagonal, which is another sign of weakness. My advice is to watch for potential selling opportuntiies. The downward targets are set at the price of 1.0725 and 1.0685.
Resistance levels:
R1: 1.0940
R2: 1.0960
R3: 1.1000
Support levels:
S1: 1.0865
S2: 1.0845
S3: 1.0810
Trading recommendations for today: watch for potential selling opportunities.
