FX.co ★ Analysis of EUR/USD for June 07, 2017

Recently, the EUR/USD pair has been trading sideways at the price of 1.1205. According to the 30M time frame, I found a broken upward trendline and successful confirmation of the resistance (double top). My advice is to watch for selling opportuntiies. The downward targets are set at 1.1200, 1.1180 and 1.1160.

Resistance levels:

R1: 1.1285

R2: 1.1300

R3: 1.1315

Support levels:

S1: 1.1250

S2: 1.1240

S3: 1.1220

Trading recommendations for today: watch for potential selling opportunities.