Short EUR/USD now. | 01 Junio 2018

01 Junio 2018, EUR/USD

Short EUR/USD now.

Technical observation

EUR/USD was yesterday rejected from the resistance zone1.1705-1.1665,price then retraced to it but could not penetrate above it.Currently price is within the zone and it is the ideal time to short the pair right now within the it with your take profit at 1.1393,I also expect a breakout below it for a further decline in price towards 1.1110.In case of a breach below 1.1393,wait for a retracement to it then continue short with the pair towards 1.1110.If there’s a clear breakout above 1.1705-1.1665 with a big green candle, wait for a correction to it then short EUR on the second correction towards 1.1990.

Technical levels

Resistance levels

R1.1.1707

R2.1.1765

R3.1.1853

Pivot

1.1682

Support levels

S1.1.1619

S2.1.1588

S3.1.15

Trade signal

Short the pair now with your take profit at 1.1393 and stop loss around 1.1830.

101% Double the volume

!Attention!
All bonus participates in drawdown!
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Imelda Maseno
Analyst of «FreshForex» company
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