Recently, the EUR/USD pair has been trading sideways at the price of 1.1900. According to the 30M time frame, I found a strong resistance cluster at the price of 1.1925. The price is trading near the resistance cluster and my advice is to watch for potential selling opportunities. The downward targets are set at the prices of 1.1850 and 1.1825. There is also a strong weakness in the background from the last week, which is another sign that buying looks risky.
Resistance levels:
R1: 1.1930
R2: 1.1960
R3: 1.2000
Support levels:
S1: 1.1860
S2: 1.1820
S3: 1.1790
Trading recommendations for today: watch for potential selling opportunities.
