06 Juni 2018, EUR/USD
Technical observation
Yesterday, EUR/USD was within the zone and I expected a downward movement or a decline in price towards the support line 1.1366, price did not move as I expected and is still showing signs of rising. As long as it is within the zone and does not break above it with a big green candle only short positions are ideal and can be recommended now within the zone. In case of a clear breach above 1.1730-1.1692, wait for a correction to it before you long pair with your take profit at 1.1944.Right now you can short the pair within the zone with your ideal target at 1.1366 and stop loss around 1.1815.
Technical levels
Resistance levels
R1.1.1713
R2.1.1767
R3.1.1868
Pivot
1.1667
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 1.1815.
101% Double the volume