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EUR/USD analysis for July 21, 2017

Posted On 21 Jul 2017
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Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1676. According to the 15M time frame, I found broken yesterday’s high and a successful re-test, which is a sign that selling looks risky. My advice is to watch for potential buying opportuntiies. Another sign of strength is that RSI is rejecting from 50 level. The upward target is set at the price of 1.1675.

Resistance levels:

R1: 1.1650

R2: 1.1665

R3: 1.1675

Support levels:

S1: 1.1630

S2: 1.1620

S3: 1.1610

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 21, 2017

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