Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR/USD analysis for July 03, 2018

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Recently, EUR/USD has been trading upwards. The price tested the level of 1.1672. According to the H1 time frame, I found a breakout of the supply trendline, which is a sign that buyers are in control. I also found a rising trendline, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.1720 and at the price of 1.1840.

Resistance levels: R1: 1.1683R2: 1.1724 R3: 1.1770

Support levels: S1: 1.1596 S2: 1.1550 S3: 1.1510 Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

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