21 Juni 2018, EUR/USD
Technical observation
On the daily chart above,EUR/USD is on a downward trend, price retraced at a resistance zone 1.1830-1.1802 thrice before rallying down towards a support 1.1568.Yesterday it did not break below but today’s candle is showing signs of breaching below it. I expect a clear breakout below 1.1568 with a big red candle followed by a correction to it for possible bearish momentum towards the support 1.1340 and a possible breakout below it too for a further decline in price towards 1.1136.I would advise you remain flat temporarily and wait for the breakout below 1.1568 and a correction to it to short EUR/USD.
Technical levels
Resistance levels
R1.1.1643
R2.1.1665
R3.1.1725
Pivot
1.1604
Support levels
S1.1.1583
S2.1.1544
S3.1.1484
Trade signal
Remain flat temporarily.
101% Double the volume