18 Mei 2018, EUR/USD
Technical observation
On the daily chart above,EUR/USD yesterday rallied down towards a support line 1.1739 and I expect a breakout below followed by a correction to it for possible bearish momentum towards the support line 1.1518,in case price breaks below it ,I expect a further decline in price towards 1.1387.Right now I would advise you wait for either a correction to the resistance line 1.1993 or a breakout below 1.1518 followed by a correction to it to short EUR.On the chart above only short positions look ideal and can be recommended. Long positions may only be ideal in case of a clear breakout above 1.2235.
Technical levels
Resistance levels
R1.1.1976
R2.1.2011
R3.1.2088
Pivot
1.1939
Support levels
S1.1.1899
S2.1.1856
S3.1.1779
Trade signal
Remain fat.