EURUSD – Up
Technical observation
EUR/USD went down as predicted yesterday and Is currently pulling back to the resistance line 1.1993, I expect a rejection of it from the line for bearish momentum towards 1.1739 and a breakout below it for further bearish movements. I would advise you wait for the correction to 1.1993 then short EUR around it with your take profit at 1.1739 and stop loss around 1.2084.Remain short with EUR after a breakout below 1.1739.you can still short EUR within 1.2235-1.2192 in case price is corrected and is rejected within it.Buy positions can only be recommended in case of a clear breakout above 1.2235.
Technical levels
Resistance levels
R1.1.1976
R2.1.2011
R3.1.2088
Pivot
1.1937
Support levels
S1.1.1899
S2.1.1856
S3.1.1779
Trade signal
Wait for correction to 1.1993 to short EUR.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.