EUR/USD analysis for August 30, 2018
Recently, the EUR/USD pair has been trading sideways at the price of 1.1696. According to the M30 time – frame, I found the price rejected from the resistance pivot cluster at 1.1708, which is a sign that buying looks very risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1652 and at the price of 1.1630.
Trading recommendations for today: watch for selling opportunities.