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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 26, 2017

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Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1612. According to the 30M time frame, I found successful rejection from the strong support cluster at the price of 1.1620. My advice is to watch for potential buying opportunities. Also, there is an oversold RSI, which is another sign of strength. The upward targets are set at the price of 1.1700 and 1.1710.

Resistance levels:

R1: 1.1690

R2: 1.1745

R3: 1.1775

Support levels:

S1: 1.1610

S2: 1.1581

S3: 1.1530

Trading recommendations for today: watch for potential buying opportunities.

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