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20.07.2017 12:51 PM
EUR/USD analysis for July 20, 2017

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1496. According to the 30M time frame, I found a fake breakout of yesterday's low, which is a sign that selling looks risky. I found a hidden bullish divergence on the moving average oscillator, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1540 and 1.1580.

Resistance levels:

R1: 1.1530

R2: 1.1540

R3: 1.1550

Support levels:

S1: 1.1510

S2: 1.1495

S3: 1.1487

Trading recommendations for today: watch for potential buying opportunities.

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