EURUSD – Up
Technical observation
On the daily chair above,EURUSD broke down below a support zone(1.2393-1.2368),a bullish pin bar was then seen within the zone after the breakout then price went down, right now price is being corrected to the zone and I expect a possible rejection of it around the zone for bearish movements of price towards 1.2185 or even break below the key line and proceed further down to 1.1935 and even 1.1721,my advice, short EURUSD now around (1.2393-1.2368),with your first take profit at 1.2185 and the next at 1.1935 and your stop loss around 1.2452.In case price breaks above the resistance zone, wait for a retracement to it before entering long position.
Technical levels
Resistance levels
R1.1.2291
R2.1.2331
R3.1.2413
Pivot
1.2250
Support levels
S1.1.2209
S2.1.2166
S3.1.2084
Trade signal
Short EUR now with your take profit at 1.2185 and your stop loss around 1.2452.
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