FX.co ★ Analysis of EUR/USD for June 13, 2017

Recently, the EUR/USD pair has been trading sideways at the price of 1.1214. The trading idea from yesterday is still active. According to the 1H chart, there is a bullish Wolfe Wave pattern, which is a sign that selling looks risky. Also, there is a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for buying opporutnities. The upward targets are set at 1.1350 and 1.1380.

Resistance levels:

R1: 1.1230

R2: 1.1255

R3: 1.1275

Support levels:

S1: 1.1185

S2: 1.1165

S3: 1.1140

Trading recommendations for today: watch for potential buying opportunities.