FX.co ★ EUR/USD analysis for July 26, 2017

Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1612. According to the 30M time frame, I found successful rejection from the strong support cluster at the price of 1.1620. My advice is to watch for potential buying opportunities. Also, there is an oversold RSI, which is another sign of strength. The upward targets are set at the price of 1.1700 and 1.1710.

Resistance levels:

R1: 1.1690

R2: 1.1745

R3: 1.1775

Support levels:

S1: 1.1610

S2: 1.1581

S3: 1.1530

Trading recommendations for today: watch for potential buying opportunities.