Short Euro below 1.15299 | 15 June 2018

15 June 2018, EUR/USD

Short Euro below 1.15299

Technical Observation:

As I forecasted, Eur bounced off from the 4 hour support line 1.18444, went lower and is still showing signs of rallying even lower. Following the break below 1.14317, I expect a breakout below 1.15299 to confirm a possible rally towards 1.14960 and could go even lower. As it is on the daily chart, I highly recommend looking for short positions below 1.15299. On your way downwards, the key lines to check for include 1.1496. 1.1400 and 1.1430

Technical Levels

Resistance levels

R1: 1.1808

R2: 1.1838

R3: 1.1889
Pivot
1.1788
Support Levels
R1:1.1695
R2: 1.1742
R3: 1.1751
Trade Signal
Short Euro below 1.15299

101% Double the volume

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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