FX.co ★ EUR/USD analysis for April 24, 2017

Recently, the EUR/USD has been trading upwards. EUR/USD gapped about 100 pips and the price tested the level of 1.0919. According to the 4H time frame, I found a divergent bar and confirmation of the divergent bar, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.0722 and 1.0685.

Resistance levels:

R1: 1.0900

R2: 1.0945

R3: 1.0965

Support levels:

S1: 1.0850

S2: 1.0830

S3: 1.0800

Trading recommendations for today: watch for potential selling opportunities.