03 Mei 2018, EUR/USD
Technical observation
After breaking down below the support zone 1.2235-1.2192,EURUSD rallied down towards a support line 1.1931 and is currently around it, I expect either a breakout below it or a rejection of price around it for a correction of price to 1.2235-1.2192.In case of a breakout below 1.1931,wait for a correction to it then sell EUR on the second one with your take profit at 1.1727,and in case of a rejection of price around 1.1931 wait for the correction of price to 1.2235-1.2192 then sell EUR within the zone with your take profit at 1.1931.According to the chart above, only short positions can be recommended.
Technical levels
Resistance levels
R1.1.2158
R2.1.2185
R3.1.2263
Pivot
1.2111
Support levels
S1.1.208
S2.1.2028
S3.1.195
Trade signal
Wait for a breakout below 1.1931.