EUR/USD analysis for February 19, 2018


Recently, the EUR/USD has been trading downwards. The price tested the level of 1.2405. Anyway, according to the 30M time – frame, I found a fake brreakout of Friday at the price of 1.2393, which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator in the background, which is another sign of the strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.2450 and at the price of 1.2510.

Resistance levels:

R1: 1.2511

R2: 1.2615

R3: 1.2675

Support levels:

S1: 1.2350

S2: 1.2290

S3: 1.2190

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -