FX.co ★ EUR/USD analysis for July 25, 2017

Recently, the EUR/USD has been trading sideways at the price of 1.1653. According to the 30M time frame, I found that price respected the upward trend line few times, which is sign that selling looks risky. The EUR/USD is in short term upward trend and my advice is to watch for potential buying opportunities. I also found hidden bullish divergence on the RSI indicator, which is another sign of strength. The upward target is set at the price of 1.1682 and 1.1700.

Resistance levels:

R1: 1.1675

R2: 1.1710

R3: 1.1732

Support levels:

S1: 1.1615

S2: 1.1590

S3: 1.1560

Trading recommendations for today: watch for potential buying opportunities.