FX.co ★ EUR/USD analysis for April 27, 2017

Recently, the EUR/USD pair has been trading sideways at the price of 1.0900. According to the 4H time frame, I found a broken rising wedge (bearish pattern). The price also did successful re-test of the upward diagonal, which is another sign of weakness. My advice is to watch for potential selling opportuntiies. The downward targets are set at the price of 1.0725 and 1.0685.

Resistance levels:

R1: 1.0940

R2: 1.0960

R3: 1.1000

Support levels:

S1: 1.0865

S2: 1.0845

S3: 1.0810

Trading recommendations for today: watch for potential selling opportunities.