FX.co ★ Analysis of EUR/USD for June 04, 2018

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1723. On the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found a potential end of consolidation after the breakout, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at 1.1830 and 1.1960.

Resistance levels:

R1: 1.1715

R2: 1.1735

R3: 1.1755

Support levels:

S1: 1.1675

S2: 1.1655

S3: 1.1635

Trading recommendations for today: watch for potential buying opportunities.