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EUR/USD analysis for March 14, 2017

Posted On 14 Mar 2017
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Recently, the EUR/USD pair has been trading downwards. The price tested the level 1.0625. According to the 15M time frame, I found a hidden bullish divergence on the moving average oscilator and testing a lower diagonal of the downward channel (support). My advice is to watch for potential intraday buying opportunities. The first target is set at the price of 1.0650.

Resistance levels:

R1: 1.0700

R2: 1.0715

R3: 1.0740

Support levels:

S1: 1.0650

S2: 1.0630

S3: 1.0610

Trading recommendations for today: watch for potential intraday buying opportunities.

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

Source:: EUR/USD analysis for March 14, 2017

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