EUR/USD analysis for December 27, 2017


Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1899. Anyway, according to the 30M time – frame, I found that strong reistance at the price of 1.1900 is on the test, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1870 and at the price of 1.1820.

Resistance levels:

R1: 1.1875

R2: 1.1893

R3: 1.1905

Support levels:

S1: 1.1844

S2: 1.1830

S3: 1.1810

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company -