19 Juni 2018, EUR/USD
Technical observation
EUR/USD has been trading on a downward trend. Price went below a support zone 1.1830-1.1802 with a big red candle then corrected to it twice before rallying down towards 1.1564,it could not penetrate below it and was rejected, currently it is pulling back to 1.1830-1.1802 and I expect a rejection of it within the zone for possible bearish momentum towards 1.1564 and a possible breakout below it for a further decline in price towards 1.1136.My advice, wait for a correction to 1.1830-1.1802 to short the pair within the zone with your take profit at 1.1564 and stop loss around 1.1944.
Technical levels
Resistance levels
R1.1.1642
R2.1.1677
R3.1.1762
Pivot
1.1593
Support levels
S1.1.1558
S2.1.1508
S3.1.1424
Trade signal
Wait for a correction to 1.1830-1.1802 to short EUR/USD.
101% Double the volume