Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2510. Anyway, according to the 30M time-frame, I found that the price failed to test a pivot resistance 1 at 1.2515, which is a sign that buyers lost power. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2395.
Resistance levels:
R1: 1.2518
R2: 1.2585
R3: 1.2710
Support levels:
S1: 1.2330
S2: 1.2210
S3: 1.2145
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com