EUR./USD analysis for July 25, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1711. Anyway, according to the H1 time – frame, I found a potential end of the upward movement since the price tested the top band of the Keltner channel, which is a sign that buying looks very risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1655 and at the price of 1.1605.

Resistance levels:

R1: 1.1715

R2: 1.1746

R3: 1.1776

Support levels:

S1: 1.1656

S2: 1.1625

S3: 1.1596

Trading recommendations for today: watch for potential selling opportunities.

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