EUR/USD analysis for September 03, 2018
Recently, the EUR/USD pair has been trading sideways at the price of 1.1610. According to the M15 time – frame, I found that price rejected from the today’s pivot level (1.1625), which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 1.1585, 1.1560 and at the price of 1.1520.
Trading recommendations for today: watch for potential selling opportunities.