EURUSD – Up
Technical observation
EUR/USD is still on a bearish move, recently it retraced at a resistance line 1.1936 then went down and is now approaching a support line 1.1733, I expect a rejection from it followed by a pull back to 1.1936 and a rejection of price from it for possible bearish momentum towards 1.1733.In case price does not correct to 1.1936 and instead breaches below 1.1733, you can wait for a pullback to the broken zone then short EUR. Bears are charged and only short positions look ideal on the daily chart above. Right now, I’m waiting for a correction to 1.1936 or a breakout below 1.1733 to short EUR/USD.
Technical levels
Resistance levels
R1.1.1813
R2.1.1854
R3.1.1927
Pivot
1.1781
Support levels
S1.1.1739
S2.1.1708
S3.1.1635
Trade signal
Wait for a correction to 1.1936 or a breakout below 1.1733 to short EUR/USD.
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