FX.co ★ EUR/USD analysis for April 16, 2018

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2365. According to the M30 time – frame, I found a confirmed intraday ascending triangle, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.2395 and 1.2440.

Resistance levels:

R1: 1.2350

R2: 1.2367

R3: 1.2387

Support levels:

S1: 1.2310

S2: 1.2290

S3: 1.2270

Trading recommendations for today: watch for potential buying opportunities.