EUR/USD has been trading upwards in past few sessions. The price tested the level of 1.1250. According to the H4 time-frame, we found that there is the breakout of the larger upward channel in the background, which his sign that sellers are in control. We also found that bearish flag in creation, which is another sign of the EUR weakness. Support levels are seen at the price of 1.1226 and 1.1185. Resistance levels are seen at 1.1250 and 1.1277.
Our recommendation: We will sell EUR if we see breakout of the support at 1.1226 with target at 1.1185.
The material has been provided by InstaForex Company - www.instaforex.com
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