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Short Towards 1.0841

Short Towards 1.0841 | 01 May 2017

01 May 2017, EUR/USD

Short Towards 1.0841
Technical Observation:
Recently, EUR spiked above 1.0926-1.0907 is currently below it. This is a possible false breakout and unless there's a second break above 1.0926, I choose to remain bearish bias on this pair. On the hourly chart above, A possible bearish move towards 1.0841 is likely. My advice, if your sent short below 1.0907, only remain short up to 1.0841. A clear breach below 1.0841 will shift more possible buyers into sellers.
Technical levels:
Resistance levels
R1: 1.0891
R2: 1.0895
R3: 1.0902
Pivot Point
1.2894
Support Levels
S1:1.0875
S2: 1.0882
S3: 1.0884

Trade Signal

Remain short towards 1.0841

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Imelda Maseno
Analyst of «FreshForex» company
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