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FX.co ★ EUR/USD analysis for May 26, 2017

EUR/USD analysis for May 26, 2017

EUR/USD analysis for May 26, 2017

Recently, the EUR/USD pair has been trading sideways at the price of 1.1205. According to the 30M time frame, I found a resistance cluster at the price of 1.1230. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1170 and 1.1090.

Resistance levels:

R1: 1.1240

R2: 1.1255

R3: 1.1280

Support levels:

S1: 1.1195

S2: 1.1180

S3: 1.1160

Trading recommendations for today: consider potential selling opportunities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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