05 Juni 2018, EUR/USD
Technical observation
The pair on the daily chart above is on a downward movement, price went down a support zone 1.1725-1.1694 on 25th of May this year with a big red candle, it then retraced to the broken zone but could not penetrate above it and was rejected then went down. Yesterday it corrected to the zone again for the second time and was still rejected, I expect a decline in price towards 1.1366 and a breakout below it for further decline towards 1.1149.Right now with the price within the zone it is the ideal time to short the pair with your take profit at 1.1366 and stop loss around 1.1833.Continue short below 1.1149.
Technical levels
Resistance levels
R1.1.1713
R2.1.1767
R3.1.1868
Pivot
1.1665
Support levels
S1.1.1611
S2.1.1563
S3.1.1461
Trade signal
Short EUR now with your take profit at 1.1366 and stop loss around 1.1833.
101% Double the volume