EUR/USD analysis for February 06, 2018 888011000 110888 Just recently, the EUR/USD set has actually been trading sideways at the cost of 1.2400. Inning accordance with the 30M time frame, I found rejection of the supply trendline and pivot resistance, which is a sign that buying looks risky. I also found overbought conditions on the stochastic oscillator, which is another indication of weak point. My advice is to expect potential selling opportunities . The down targets areset at the costof 1.2330 and at the rate of 1.2290. Resistance levels: R1: 1.2440 R2: 1.2515 R3: 1.2552 Support levels: S1: 1.2330 S2: 1.2290 S3: 1.2216 Trading recommendations for today: watch for possible selling opportunities.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | February 6, 2018

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