Analysis of EUR/USD for July 31, 2017

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1723. According to the 15M time frame, I found that the price successfully tested the upward trendline (support). I also found a hidden bullish divergence on the moving average oscilator, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1760 and 1.1775.

Resistance levels:

R1: 1.1755

R2: 1.1770

R3: 1.1775

Support levels:

S1: 1.1740

S2: 1.1735

S3: 1.1720

Trading recommendations for today: watch for potential buying opportunities.

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