EURUSD – Up
Technical observation
Yesterday, the pair EURUSD rose above the resistance level I wrote, currently price is at another key resistance zone (1.2454-1.2434),I expect a possible rejection of EUR around the zone and a decline in price towards 1.2185,I also expect price to break below the line to continue with the bearish movements towards 1.1935 and even lower to1. 1721 in the coming days. In case there’s a clear breakout above (1.2454-1.2434) then my advice would be you wait for a correction to the zone before you enter long positions, right now only short positions look ideal and can be advised around the zone with your take profit at 1.2185.
Technical levels
Resistance levels
R1.1.2291
R2.1.2331
R3.1.2413
Pivot
1.2252
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 1.2542
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