FxWirePro: EUR/USD key resistance at 1.0693, sell deals are recommended around 1.0680

EUR /USD pair advanced against US dollar in today's European session after buyers stepped in, however, the gains were limited as the pair fell back towards 1.0640 levels after hitting minor resistance at 1.0671 levels.

• The resistance level at 1.0693 levels is set to hold the bulls from advancing further, and brings a decline towards lower levels, therefore it's good to go short around 1.0680 levels.
• To the upside, the strong resistance can be seen at 1.0693, a break above this level would take the pair towards next resistance level at 1.0765.
• To the downside immediate support can be seen at 1.0601 levels, a break below this level will open the door towards next level at 1.0550.

Recommendation: Go short around 1.0680, targets 1.0630, 1.0580, SL 1.0720

Resistance Levels

R1: 1.0648 (50% Retracement level)
R2: 1.0693 (61.8% Retracement level)
R3: 1.0765 (Nov 19th high)

Support Levels

S1: 1.0601 (38.2% Retracement level)
S2: 1.0550 (23.6% Retracement level)
S3: 1.0500 (Psychological levels)