EUR/USD analysis for June 11, 2018

EUR/USD analysis for June 11, 2018

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1820. According to the H1 time – frame, I found a broken supply trendline in the background, which is a sign of the strength. I also found a rejection of a support trendline, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1840 and at the price of 1.1930.

Resistance levels:
R1: 1.1790
R2: 1.1796
R3: 1.1805
Support levels:
S1: 1.1776
S2: 1.1766
S3: 1.1761
Trading recommendations for today: watch for potential buying opportunities.

 

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