EUR/USD analysis for June 11, 2018


Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1820. According to the H1 time – frame, I found a broken supply trendline in the background, which is a sign of the strength. I also found a rejection of a support trendline, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1840 and at the price of 1.1930.

Resistance levels:

R1: 1.1790

R2: 1.1796

R3: 1.1805

Support levels:

S1: 1.1776

S2: 1.1766

S3: 1.1761

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -