26 Juni 2018, EUR/USD
Technical observation
The pair on the daily chart above has been rising steadily towards the resistance zone 1.1830-1.1802 which had previously been used as a retracement thrice. I expect a rejection of it within the zone for possible bearish momentum towards the support 1.1568 and a breakout below it for a further decline in price towards 1.1340.I would advise you remain flat temporarily and wait for the correction to 1.1830-1.1802 then short the pair within the zone with your ideal target at 1.1568 and stop loss slightly above 1.1830.Long positions may only be recommended in case if a clear breakout above 1.1830 and a correction to it.
Technical levels
Resistance levels
R1.1.1734
R2.1.1766
R3.1.1852
Pivot
1.1681
Support levels
S1.1.1649
S2.1.1596
S3.1.1511
Trade signal
Remain flat temporarily.
101% Double the volume