01 Juni 2018, EUR/USD
Technical observation
EUR/USD was yesterday rejected from the resistance zone1.1705-1.1665,price then retraced to it but could not penetrate above it.Currently price is within the zone and it is the ideal time to short the pair right now within the it with your take profit at 1.1393,I also expect a breakout below it for a further decline in price towards 1.1110.In case of a breach below 1.1393,wait for a retracement to it then continue short with the pair towards 1.1110.If there’s a clear breakout above 1.1705-1.1665 with a big green candle, wait for a correction to it then short EUR on the second correction towards 1.1990.
Technical levels
Resistance levels
R1.1.1707
R2.1.1765
R3.1.1853
Pivot
1.1682
Support levels
S1.1.1619
S2.1.1588
S3.1.15
Trade signal
Short the pair now with your take profit at 1.1393 and stop loss around 1.1830.
101% Double the volume