Recently, the EUR/USD pair has been trading sideways at the price of 1.1174. According to the 5M time frame, I found a broken upward trendline and broken H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opporutntiies. The downward target is set at the price of 1.1120.
Resistance levels:
R1: 1.1175
R2: 1.1185
R3: 1.1200
Support levels:
S1: 1.1145
S2: 1.1130
S3: 1.1115
Trading recommendations for today: watch for potential selling opportunities.
