Short EUR/USD now | 06 Junio 2018

06 Junio 2018, EUR/USD

Short EUR/USD now

Technical observation

Yesterday, EUR/USD was within the zone and I expected a downward movement or a decline in price towards the support line 1.1366, price did not move as I expected and is still showing signs of rising. As long as it is within the zone and does not break above it with a big green candle only short positions are ideal and can be recommended now within the zone. In case of a clear breach above 1.1730-1.1692, wait for a correction to it before you long pair with your take profit at 1.1944.Right now you can short the pair within the zone with your ideal target at 1.1366 and stop loss around 1.1815.

Technical levels

Resistance levels

R1.1.1713

R2.1.1767

R3.1.1868

Pivot

1.1667

Support levels

S1.1.1611

S2.1.1563

S3.1.1461

Trade signal

Short EUR now with your take profit at 1.1366 and stop loss around 1.1815.

101% Double the volume

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Imelda Maseno
Analyst of «FreshForex» company
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