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EUR/USD analysis for July 14, 2017

Posted On 14 Jul 2017
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Recently, the EUR/USD pair has been trading sideways at the price 1.1415. Anyway, according to the 30M time frame, I found a fake breakout of a two-day low in the background, which is a sign that selling looks risky. Relative strength index looks strong and my advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1455.

Resistance levels:

R1: 1.1415

R2: 1.1420

R3: 1.1430

Support levels:

S1: 1.4000

S2: 1.1390

S3: 1.1385

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 14, 2017

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