EUR/USD analysis for February 13, 2018


Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2337. Accorrding to the 30M time – frame, I found a breakout of the pivot resistance 1, which is a sign that buyers are in control. I also found a successful rejection of the upward trendline, which is another sign of the strength. My advice is to watch for potential buying opporrtunities. The upward target is set at the price of 1.2375.

Resistance levels:

R1: 1.2315

R2: 1.2337

R3: 1.2375

Support levels:

S1: 1.2250

S2: 1.2212

S3: 1.2190

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -