EUR/USD analysis for July 13, 2017

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1385. Anyway, according to the 30M time frame, I found fake breakout of yesterday’s low at the price of 1.1390. My advice is to watch for potential buying opportunities. The RSI is oversold, which is another sign of strength. The upward target Is set at the price of 1.1455.

Resistance levels:

R1: 1.1445

R2: 1.1455

R3: 1.1470

Support levels:

S1: 1.1422

S2: 1.1410

S3: 1.1400

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: EUR/USD analysis for July 13, 2017

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