Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2092. According to the 30M time frame. I found a successful test of supply in a low volume, which is a sign that selling looks risky and that buyers are in control. I placed Fibonacci expansion from recent swings to find potential uwpard targets. I got Fibonacci expansion 61.8% at the price of 1.2100, FE 100% at the price of 1.12140 and FE 161.8% at the price of 1.2200. Watch for potential buying opportunities.
Resistance levels:
R1: 1.2085
R2: 1.2140
R3: 1.2230
Support levels:
S1: 1.1930
S2: 1.1850
S3: 1.1790
Trading recommendations for today: watch for potential buying opportunities.
