Recently, the EUR/USD has been trading upwards. The price tested the level of 1.0777. According to the `H time frame, I found a divergent bar and hidden bearish divergence on the oscilators, which is a sign that buyng look risky. I expect a downward corection at least. Downward targets are set at the prices of 1.0700 and 1.0640.
Resistance levels:
R1: 1.0735
R2: 1.0740
R3: 1.0750
S1: 1.0715
S2: 1.0705
S3: 1.0700
Trading recommendations for today: watch for potential selling opportunities.
