Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1699. According to the M30 time – frame, I found that buyers are in control and that price is trading above the daily pivot (1.1654), which is a sign that selling looks risky. I also found a broken intraday bullish flag pattern and hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1715 and at the price of 1.1750.
Resistance levels:
R1: 1.1715
R2: 1.1750
R3: 1.1814
Support levels:
S1: 1.1615
S2: 1.1555
S3: 1.1517
Trading recommendations for today: watch for potential buying opportunities.
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