Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1542. According to the H1 time – frame, I found a potential end of the bullish corrective phase in the background. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.1510.
Resistance levels:
R1: 1.1760
R2: 1.1950
R3: 1.2050
Support levels:
S1: 1.1469
S2: 1.1370
S3: 1.1178
Trading recommendations for today: watch for potential selling opportunities.