EUR/USD analysis for June 28, 2017

analytics59538efed04aa.png

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1388 in a ultra high volume. According to the 30M time frame, I found a successful test of supply in a low volume, which is a sign that the price is heading for higher levels. My advice is to watch for potential buying opportunities. I have placed Fibonacci levels to find potetnial upwards targets. The upward targets are set at the prices of 1.1385 and 1.1410.

Resistance levels:

R1: 1.1385

R2: 1.1410

R3: 1.1430

Support levels:

S1: 1.1345

S2: 1.1320

S3: 1.1300

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company - www.instaforex.com