Short EUR within 1.1830-1.1794 | 12 Junio 2018

12 Junio 2018, EUR/USD

Short EUR within 1.1830-1.1794

Technical observation

EUR/USD has been trading on a downward trend, price broke below a support zone 1.1830-1.1794,it retraced to it twice before moving down up to a support line 1.1534.Yesterday it retraced to the zone but was rejected and could not penetrate above it.I expect a decline in price towards 1.1534 and a breakout below it for a further drop in price towards 1.1343.You can short the pair within 1.1830-1.1794 with your take profit at 1.1534 and stop loss around 1.1919.In case of a breakout below 1.1534,continue short with EUR after a correction to it.Long positions may only be recommended in case there’s a clear breach above 1.1839.

Technical levels

Resistance levels

R1.1.1811

R2.1.1853

R3.1.1937

Pivot

1.1769

Support levels

S1.1.1727

S2.1.1685

S3.1.1601

Trade signal

Short the pair within 1.1830-1.1794 with your take profit at 1.1534 and stop loss around 1.1919.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.