FX.co ★ EUR/USD analysis for June 12, 2017

Recently, the EUR/USD has been trading sideways at the price of 1.1200. According to the 1H time frame, I found an expanding wedge and broken supply trednline, which are signs of potential strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1270. There is also a hidden bullish divergence on the moving average oscilator, which is another sign of strength.

Resistance levels:

R1: 1.1225

R2: 1.1244

R3: 1.1255

Support levels:

S1: 1.1200

S2: 1.1185

S3: 1.1165

Trading recommendations for today: watch for potential buying opportunities.