EURUSD – Up
Technical observation
Yesterday EUR went down but could not reach the support key level 1.1520.Price is now correcting to the key resistance zone 1.1742-1.1716 and I expect a rejection of it within the zone for bearish momentum towards 1.1520 and a possible breach below it too for a further decline in price towards 1.1339.Wait for a correction to 1.1742-1.1716 then short the pair on the chart above within the zone with your ideal target at 1.1520 and stop loss slightly above 1.1742.In case of a clear breach above 1.1742 with a big green candle, wait for a correction to it before you enter long positions towards 1.1998.
Technical levels
Resistance levels
R1.1.1712
R2.1.1738
R3.1.1813
Pivot
1.1666
Support levels
S1.1.1637
S2.1.1587
S3.1.1512
Trade signal
Wait for a pullback to 1.1742-1.1716 then short the pair within it with your take profit at .1520 and stop loss slightly above 1.1742.
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