EUR/USD analysis for September 28, 2017

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1784. According to the 15M time frame, I found a broken rising wedge, which is a sign that buying EUR/USD at this stage looks risky. There is also a hidden bearish divergence, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1750 and 1.1723.

Resistance levels:

R1: 1.1790

R2: 1.1835

R3: 1.1870

Support levels:

S1: 1.1710

S2: 1.1675

S3: 1.1630

Trading recommendations for today: watch for potential selling opportunities.

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