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Looking for a sell

Looking for a sell | 14 December 2017

14 December 2017, EUR/USD

Looking for a sell
Technical Observation:
Eur rose tremendously to the upper side but is currently finding it a challenge to close above the hourly resistance zone 1.1843-1.1828. Unless there's a clear breakout above this zone, I expect a bounce from it to short Eur with my first take profit at 1.1735. If the price can breakout above it, then I'll wait for a pullback to the just broken line, then pick a long position towards 1.1935. As it is on the hourly chart above, Only a short position looks more ideal especially while the price is still below 1.1826
Technical Levels
Resistance levels
R1: 1.2015
R2: 1.2093
R3: 1.2321
Pivot
1.1835
Support Levels
S1: 1.1382
S2: 1.1645
S3: 1.1732
Trade Signal
Short Eur within 1.1843-1.1828 towards 1.1735

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Imelda Maseno
Analyst of «FreshForex» company
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