We're short at at 1.1177 | 29 Mei 2019

29 Mei 2019, EUR/USD

We're short at at 1.1177

Technical observation

On the hourly chart above, price penetrated below the supportive key level 1.1177 with a big red candle as predicted yesterday, it then pulled back to the just broken line but was rejected at it before decline for some time, currently EUR is trading below the above mentioned line on an increasing bullish movement and my expectation is a loss of this movement at the line 1.1177 for possible bearish price rally towards the support 1.1132.My advice for the pair on the hourly chart above; wait for a correction to 1.1177 and a rejection at it to sell UE R with your take profit at 1.1132 and stop loss at 1.1188.

Trade recommendation

Sell EUR at 1.1177 with your take profit at 1.1132 and stop loss at 1.1188.

Imelda Maseno
Analyst of «FreshForex» company
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