EURUSD – Up
Technical observation
A clear breakout was seen on the daily chart above on 7th of this month this year when price went down below a support zone (1.2379-1.2334) with a big red candle, it then rallied below the zone and is currently retracing back to it.I expect a possible rejection and bearish movement of price towards 1.2184,I expect price to also break out below the next key line 1.1935 and continue further down towards 1.1741.Right now only short positions look ideal and can be advised within (1.2379-1.2334) with your first take profit at 1.2184 and the next at 1.1935 and your stop loss at 1.2434.
Technical levels
Resistance levels
R1.1.2291
R2.1.2331
R3.1.2413
Pivot
1.2248
Support levels
S1.1.2209
S2.1.2166
S3.1.2084
Trade signal
Short EURUSD around (1.2379-1.2334) with your first take profit at 1.2184 and the next at 1.1935 and your stop loss at 1.2434.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.