EUR/USD analysis for June 15, 2017


Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1156. Acorrding to the 5M time frame, I found that sellers are are setting the tone for the trade today and that price broke L4 (Camarilla support), which is a sign that buying looks risky. My advice is to consider selling opportunities. The downward targets are set at the price of 1.1115 and 1.1060.

Resistance levels:

R1: 1.1230

R2: 1.1240

R3: 1.1250

Support levels:

S1: 1.1210

S2: 1.1200

S3: 1.1190

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company –

Source:: EUR/USD analysis for June 15, 2017

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