15 Mei 2018, EUR/USD
Technical observation
On the daily chart above EUR/USD went down below a support zone 1.2235-1.2192, price not correct to it but instead it rallied down. Recently it corrected at a resistance line 1.1993 then went down, yesterday’s candle was a bearish pin bar which sent its tail to the line a sign of bearish momentum to the lower side, if you had not sold EUR yet, I would advise you short now with your take profit at 1.1739 and stop loss around 1.2090.In Case price breaks below 1.1739, wait for a correction to it then continue short with EUR with your ideal target at 1.1387.Only short positions look ideal and can be recommended.
Technical levels
Resistance levels
R1.1.1976
R2.1.2011
R3.1.2088
Pivot
1.1933
Support levels
S1.1.1899
S2.1.1856
S3.1.1779
Trade signal
Short EUR now with your take profit at 1.1739 and stop loss around 1.2090.