FX.co ★ EUR/USD analysis for August 31, 2017

Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1823. My yesterday's target at the price of 1.1860 has been met. Anyway, according to the 30M time frame, I found up-thrust bars and rejection from 48 SMA, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.1785.

Resistance levels:

R1: 1.1950

R2: 1.2025

R3: 1.2060

Support levels:

S1: 1.1850

S2: 1.1815

S3: 1.1745

Trading recommendations for today: watch for potential selling opportunities.