Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1957. According to the 30M time - frame, I found a broken symmetrical triangle, which is a ign that buyers are in control. I also found the price is trading above the intraday pivot (1.1904), which is another sign of strength. My advice is to watch for potential buying opportunties. The upward targets are set at the price of 1.1970 (pivot resistance 1) and at the price of 1.2010.
Resistance levels:
R1: 1.1970
R2: 1.2010
R3: 1.2078
Support levels:
S1: 1.1863
S2: 1.1796
S3: 1.1755
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com