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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 August 03, 2017

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Recently, the EUR/USD has been trading sideways at the price of 1.1865. According to the 30M time frame, I found a bullish breakout of the intraday flat base, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The short-term trend is bullish. The upward target is set at the price of 1.1910.

Resistance levels:

R1: 1.1915

R2: 1.1970

R3: 1.2035

Support levels:

S1: 1.1795

S2: 1.1735

S3: 1.1675

Trading recommendations for today: watch for potential buying opportunities.

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