Recently, the EUR/USD pair has been trading sideways at the price of 1.0620. According to the 15 time frame, I found potential parabolic bottoming, which is a sign that selling looks risky. There is a hidden bullish divergence on the moving average oscillator, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The first target is set at the price of 1.0665 (swing high).
Resistance levels:
R1: 1.0630
R2: 1.0635
R3: 1.0645
Support levels:
S1: 1.0610
S2: 1.0603
S3: 1.0590
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com