Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1612. According to the 30M time frame, I found successful rejection from the strong support cluster at the price of 1.1620. My advice is to watch for potential buying opportunities. Also, there is an oversold RSI, which is another sign of strength. The upward targets are set at the price of 1.1700 and 1.1710.
Resistance levels:
R1: 1.1690
R2: 1.1745
R3: 1.1775
Support levels:
S1: 1.1610
S2: 1.1581
S3: 1.1530
Trading recommendations for today: watch for potential buying opportunities.
