07 June 2018, EUR/USD
Technical observation
Yesterday EUR/USD broke above a resistance zone 1.1730-1.1692 with a big green candle and is currently rallying towards a resistance 1.1944, I expect a rejection of price from it for possible bearish momentum towards 1.1730, you can remain flat now and wait for the correction to 1.1944 and a rejection from it to short EUR as it will the second retracement to the line. The pair on a downward movement and so only short positions looks ideal and can be recommended. Short term traders can buy the pair towards the resistance 1.1944 in case price retraces to the just broken resistance zone and does not break below it.
Technical levels
Resistance levels
R1.1.1713
R2.1.1767
R3.1.1868
Pivot
1.1669
Support levels
S1.1.1611
S2.1.1563
S3.1.1461
Trade signal
Remain flat
101% Double the volume