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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1212. Anyway, according to the 1H time frame, I found a fake breakout of Friday's high at 1.1208, which is sign that buying looks risky. There is also a breakout of the upward trendline, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1145.

Resistance levels:

R1: 1.1215

R2: 1.1225

R3: 1.1245

Support levels:

S1: 1.1190

S2: 1.1175

S3: 1.1165

Trading recommendations for today: watch for potential selling opportunities.

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Performed by Petar Jacimovic, Analytical expert
InstaForex Group © 2007-2017

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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