FX.co ★ Technical analysis and trading recommendations for the EUR/USD currency pair as of August 30, 2017

The EUR/USD currency pair shown an active interest in ascending to reach the important range at a psychological level of 1.2000. It tries to gain a foothold above as the quotes still managed to find resistance which opens an opportunity for "bears" to return to the market. Currently, the trend moves with a correctional movement which will most likely continue. It can be assumed that the "bears" will try to delay the quotation to the level of 1.1880 where it stayed and formed within the limits of 1.1860 / 1.1915.

Key Levels

Resistance zones: 1,2000 (+/- 40);

Support zones: 1,1880;

Signals

- It is recommended to buy a pair after the resumption of the "bull", probably after a slowdown near the level of 1.1880.

- It is recommended to sell the pair at a price of 1.1940 with the prospect of moving towards 1.1880.

I draw your attention: Predictions are not a direct guide to action!