FX.co ★ EUR/USD analysis for February 27, 2017

Recently, the EUR/USD pair has been trading sideways at the price of 1.5582. According to the 30M time frame, I found upthrust bar (bearish signal) and overbought level according to the bolinger bands. My advice is to watch for potential selling opportunities. The first target is set at the price of 1.0552 (swing low).

Resistance levels:

R1: 1.0586

R2: 1.0591

R3: 1.0600

Support levels:

S1: 1.0565

S2: 1.0560

S3: 1.0550

Trading recommendations for today: watch for potential selling opportunities.