EURUSD – Up
Technical observation
Yesterday EUR/USD broke below a support line 1.1733 with a big red candle then went down, currently price is pulling back to the broken line and I don’t expect above it but a rejection of it from the line for possible bearish momentum towards 1.1468.I would advise you wait for the correction to 1.1733 and a rejection of price from it then short the pair at it with your take profit at 1.1468 and stop loss around 1.1817.In case of a breakout below 1.1468,wait for a correction to it then continue short with the pair towards 1.1129.Right now bears are charged and only short [positions can be recommended.
Technical levels
Resistance levels
R1.1.1813
R2.1.1854
R3.1.1927
Pivot
1.1785
Support levels
S1.1.1739
S2.1.1708
S3.1.1635
Trade signal
Wait for a pull back to 1.1733 to short EUR/USD with your take profit at 1.1468 and stop loss around 1.1817
You may check other analytical reviews on FreshForex website. Source: freshforex.com.