05 Juli 2018, EUR/USD
Technical observation
EUR/USD is still rising steadily towards the resistance zone 1.1861-1.1830 and I expect a rejection of it within the zone for a possible bearish momentum towards the support 1.1511 and a possible breakout below 1.1511 for a further decline in price towards the lower support 1.1342.I would advise you remain flat right now and wait for the pull back to 1.1861-1.1830 and a rejection of price within it to short EUR with your take profit at 1.1511 and stop los slightly above 1.1861.In case of a clear breach above 1.1861,wait for a correction to it before you long the pair towards the resistance 1.2013 or even higher to 1.2235.
Technical levels
Resistance levels
R1.1.1734
R2.1.1766
R3.1.1851
Pivot
1.1685
Support levels
S1.1.1649
S2.1.1596
S3.1.1511
Trade signal
Remain flat.
101% Double the volume