EURUSD – Up
Technical observation
After breaking down below the support zone 1.2245-1.2192, EURUSD raced towards 1.1931 and is currently approaching it.I expect a rejection of it from the support line followed by a pull back to the broken zone and a possible rejection of EUR from the zone for bearish movement of price towards 1.1931.I also expect a breakout below 1.1931 for a further decline in price towards the lower support line 1.1727 and even lower to the next line 1.1387 in the days to come. Right now wait for a correction to 1.2245-1.2192 to sell EUR within the zone with your take profit at 1.1931 and stop loss around 1.2326.
Technical levels
Resistance levels
R1.1.2158
R2.1.2185
R3.1.2263
Pivot
1.2109
Support levels
S1.1.208
S2.1.2028
S3.1.195
Trade signal
Wait for a correction to 1.2245-1.2192 to sell EURUSD with your take profit at 1.1931 and stop loss around 1.2326.
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