27 Juli 2018, EUR/USD
Technical observation
Instead of rising and breaking above the resistance 1.1744, EUR/USD yesterday went down steadily to the supportive zone 1.1675-1.1667 and broke down below it with a big red candle before proceeding down. Currently it is correcting to the zone and I expect a possible rejection of it within the zone for possible bearish momentum towards the support 1.1585, you can wait for the second retracement to ensure the breakout is not false before you short the pair with your take profit at 1.1585 and stop loss slightly above 1.1675.Right now remain flat with EUR and wait for the correction to 1.1675-1.1667.
Technical levels
Resistance levels
R1.1.1749
R2.1.1754
R3.1.1767
Pivot
1.1748
Support levels
S1.1.1737
S2.1.1729
S3.1.1717
Trade signal
Remain flat
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