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24.07.201711:34 Forex Analysis & Reviews: EUR/USD analysis for July 24, 2017

Long-term review

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Recently, the EUR/USD pair has been trading sideways at the price of 1.1650. According to the 30M time frame, I found strong buying pressure in the background, which is a sign that selling looks risky. The price successfully tested the previous day high and that resistance became support. The relative strength index looks oversold and my advice is to watch for potential buying opportutniies. The upward target is set at the price of 1.1680. and 1.1700.

Resistance levels:

R1: 1.1675

R2: 1.1682

R3: 1.1688

Support levels:

S1: 1.1663

S2: 1.1657

S3: 1.1650

Trading recommendations for today: watch for potential buying opportunities.

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