EURUSD – Up
Technical observation
The pair on the daily chart above broke below a support line 1.1733 with a big red candle, yesterday price corrected to it and could not penetrate above so was rejected. As the pair is on a downward movement, you can short it now with your take profit at 1.1468 and stop loss around 1.1820.I expect a rally of price towards 1.1468 and a breakout below it for further decline in price towards1.1129 or even lower to 1.0803 as seen on the chart when you zoom out. In case of a breakout below the support 1.1468, wait for a correction to it before you short the pair towards 1.1129.Only short positions can be recommended.
Technical levels
Resistance levels
R1.1.1813
R2.1.1854
R3.1.1927
Pivot
1.1787
Support levels
S1.1.1739
S2.1.1708
S3.1.1635
Trade signal
Short EUR/USD now with your take profit at 1.1468 and stop loss around 1.1820.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.