EURUSD – Up
Technical observation
Yesterday the pair on the daily chart above pulled back to the resistance zone 1.1722-1.1703, it could not penetrate above it and was rejected. Currently price is still rally to the zone and I expect a rejection of it within the zone for possible bearish momentum towards the support 1.1511or even lower to 1.1342.Short the pair within the zone with your first take profit at 1.1511 and the next at 1.1342 with your stop loss around 1.1811.In case there’s a clear breakout above 1.1722 with a big green candle, wait for a pull back to the just broken zone before you long EUR on the second correction to the zone towards 1.2013.
Technical levels
Resistance levels
R1.1.1734
R2.1.1766
R3.1.1851
Pivot
1.1687
Support levels
S1.1.1649
S2.1.1596
S3.1.1511
Trade signal
Short EUR within 1.1722-1.1703 with your take profit at 1.1511 and stop loss around 1.1811.
101% Double the volume
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