EUR/USD analysis for November 30, 2017


Recently, the EUR/USD pair has been trading downwards. According to the 1H time -frame, I found that price made a morning doji candle formation (bullish) and a fake breakout of yesterday's low at the price of 1.1816, which is a sign that selling looks risky. I also found an oversold condition on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportuntiies. The upward targets are set at the price of 1.1875 and at the price of 1.1900.

Resistance levels:

R1: 1.1881

R2: 1.1915

R3: 1.1946

Support levels:

S1: 1.1815

S2: 1.1783

S3: 1.1750

Trading recommendations for today: watch for potential buying opportunities.

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