FX.co ★ EUR/USD analysis for June 18, 2018

Recently, the EUR/USD pair has been trading sideways at the price of 1.1587. According to the H1 time frame, I found a potential bullish flag in creation, which is a sign that selling looks risky. My advice is to watch for potential breakout of a bullish flag to confirm further upward movement. The upward target is set at the price of 1.1625.

Resistance levels:

R1: 1.1600

R2: 1.1610

R3: 1. 1615

Support levels:

S1: 1.1587

S2: 1.1580

S3: 1.1570

Trading recommendations for today: watch for potential buying opportunities.