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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for July 11, 2017

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Recently, the EUR/USD has been trading sideways at the price of 1.1400. According to the 30M time frame, I found a triple bottom in the background and broken supply trendline, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1425.

Resistance levels:

R1: 1.1400

R2: 1.1405

R3: 1.1415

Support levels:

S1: 1.1383

S2: 1.1375

S3: 1.1365

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company - www.instaforex.com