Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2070 in an ultra high volume. Anyway, according to the 15M time frame, I found buying climax in the background, which is a sign of weakness. After the climax activity, I found a no demand bar and upthrust, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.1985.
Resistance levels:
R1: 1.2000
R2: 1.2030
R3: 1.2070
Support levels:
S1: 1.1935
S2: 1.1890
S3: 1.1865
Trading recommendations for today: watch for potential selling opportunities.
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