EUR/USD analysis for November 29, 2017

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Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1816. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday's low at the price of 1.1827, which is a sign that selling looks risky. I also found a hidden bullish divergence on the RSI oscillator and bullish outside bar, which is a sign that buyers came into the market. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1848 and at the price of 1.1881.

Resistance levels:

R1: 1.1896

R2: 1.1956

R3: 1.1997

Support levels:

S1: 1.1805

S2: 1.1770

S3: 1.1712

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company - www.instaforex.com