Recently, the EUR/USD has been trading sideways at the price of 1.1410. Anyway, according to the 15M time frame, I found that buyers are in control and there is a strong upward channel. My advice is to watch for potential buying opportunities. The first upward target is set at the price of 1.1445. I also found a hidden bullish divergence on the moving average oscillator, which is another sign of strength.
Resistance levels:
R1: 1.1430
R2: 1.1440
R3: 1.1451
Support levels:
S1: 1.1410
S2: 1.1400
S3: 1.1390
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com