EUR/USD analysis for February 05, 2018 888011000 110888 Just recently, the EUR/USD set has been trading downwards. The rate checked the level of 1.2409. Anyway, according to the 30M time– frame, I discovered a breakout of intraday pennant, which is an indication that selling looks risky. I likewise discovered a concealed bullish divergence on the stochastic oscillator in the background, whichis another sign of strength. My suggestionsis to look for potential purchasing opportunities. The upward target is set at theprice of 1.2520. Resistance levels: R1: 1.2511 R2: 1.2569 R3: 1.2620 Support levels:S1: 1.2402 S2: 1.2350 S3: 1.2293 Trading suggestions for today: expect prospective buying opportunities.The product has been offered by InstaForex Company-www.instaforex.com

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