FX.co ★ EUR/USD analysis for March 17, 2017

Recently, the EUR/USD pair has been trading sideways at the price of 1.0735. According to the 4H time frame, I found successful rejection of the resistance at the price of 1.0775. There is also a hidden bearish divergence on the relative strength index oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The first target is set at the price of 1.0665.

Resistance levels:

R1: 1.0773

R2: 1.0789

R3: 1.0815

Support levels:

S1: 1.0720

S2: 1.0705

S3: 1.0680

Trading recommendations for today: watch for potential selling opportunities.