Recently, the EUR/USD pair has been trading sideways at the price of 1.1214. The trading idea from yesterday is still active. According to the 1H chart, there is a bullish Wolfe Wave pattern, which is a sign that selling looks risky. Also, there is a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for buying opporutnities. The upward targets are set at 1.1350 and 1.1380.
Resistance levels:
R1: 1.1230
R2: 1.1255
R3: 1.1275
Support levels:
S1: 1.1185
S2: 1.1165
S3: 1.1140
Trading recommendations for today: watch for potential buying opportunities.
