EUR/USD analysis for July 10, 2017

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Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1381. Anyway, according to the 15M time frame, I found a successful test of Friday's low at the price of 1.1379, which is a sign that selling looks risky. I also found a testing of the diagonal upward trendline, which is another sign that selling looks risky. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.1415 and 1.1425.

Resistance levels:

R1: 1.1407

R2: 1.1415

R3: 1.1420

Support levels:

S1: 1.1395

S2: 1.1390

S3: 1.1380

Trading recommendations for today: watch for potential buying opportunities.

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