Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1312. Anyway, according to the 30M time frame, I found that the price rejected from a lower diagonal of the downward channel, which is a sign that selling looks risky. So we might expect a potential three-drive pattern. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1370 and 1.1440.
Resistance levels:
R1: 1.1380
R2: 1.1400
R3: 1.1420
Support levels:
S1: 1.1340
S2: 1.1315
S3: 1.1295
Trading recommendations for today: watch for potential buying opportunities.
