EUR/USD analysis for October 13, 2017


Recently, the EUR/USD pair has been trading upwards. The price spike at the level of 1.1874. Anyway, according to the 30M time - frame, I found strong resistance around the prirce of 1.3870-1.3880, which is a sign that buying at this stage looks risky. My advice is to watch for potential selling opportuntiies. Downward targets are set at the price of 1.1850 and 1.1805.

Resistance levels:

R1: 1.1865

R2: 1.1900

R3: 1.1920

Support levels:

S1: 1.1810

S2: 1.1790

S3: 1.1755

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company -