EUR/USD analysis for June 12, 2017 888011000 110888 Recently, the EUR/USD has actually been trading sideways at the rate of 1.1200. Inning accordance with the 1H timespan, I discovered an expanding wedge and broken supply trednline, which are signs of prospective strength. My suggestions is to watch for possible buying chances. The upward target is set at the price of 1.1270.There is also a concealed bullish divergence on the moving average oscilator, which is anotherindication of strength.Resistance levels: R1: 1.1225 R2: 1.1244 R3: 1.1255 Assistance levels: S1: 1.1200 S2: 1.1185 S3: 1.1165 Trading recommendations for today: expect possible purchasing opportunities.The material has been supplied by InstaForex

By | June 12, 2017

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