13 June 2018, EUR/USD
Technical observation
EUR/USD has been trading below a key resistance zone 1.1830-1.1794 and is still below it.Price has tested this resistance zone several times and has not been able to penetrate above it.As long as price is below this zone, I expect a bearish price rally towards the support 1.1534 and a breakout below it for a further bearish momentum towards 1.1343.Recently price corrected to the zone and was rejected and is currently rallying towards 1.1534,if you sold tit within the zone yesterday, remain in the trade with your ideal target at 1.1534,if you had not sold it yet, remain flat and wait for the next retracement to the zone to short EUR.
Technical levels
Resistance levels
R1.1.1811
R2.1.1853
R3.1.1937
Pivot
1.1771
Support levels
S1.1.1727
S2.1.1685
S3.1.1601
Trade signal
Remain short.
101% Double the volume