19 Juli 2018, EUR/USD
Technical observation
Yesterday EUR went down but could not reach the support key level 1.1520.Price is now correcting to the key resistance zone 1.1742-1.1716 and I expect a rejection of it within the zone for bearish momentum towards 1.1520 and a possible breach below it too for a further decline in price towards 1.1339.Wait for a correction to 1.1742-1.1716 then short the pair on the chart above within the zone with your ideal target at 1.1520 and stop loss slightly above 1.1742.In case of a clear breach above 1.1742 with a big green candle, wait for a correction to it before you enter long positions towards 1.1998.
Technical levels
Resistance levels
R1.1.1712
R2.1.1738
R3.1.1813
Pivot
1.1666
Support levels
S1.1.1637
S2.1.1587
S3.1.1512
Trade signal
Wait for a pullback to 1.1742-1.1716 then short the pair within it with your take profit at .1520 and stop loss slightly above 1.1742.
Do you know against which currencies EUR is the most profitable?
More trading assets here...