27 Juni 2018, EUR/USD
Technical observation
Yesterday EUR/USD went down instead of rising but is currently showing signs of moving up towards the resistance zone 1.1830-1.1802.I expect a pull back to the zone followed by a rejection of price within it for possible bearish momentum towards the support 1.1568 and breakout below it for a further decline in price towards 1.1340.I would advise you remain flat now 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.In case of a breakout below 1.1568,continue short with the pair after a correction to it.
Technical levels
Resistance levels
R1.1.1734
R2.1.1766
R3.1.1852
Pivot
1.1683
Support levels
S1.1.1649
S2.1.1596
S3.1.1511
Trade signal
Remain flat.
101% Double the volume