28 June 2018, EUR/USD
Technical observation
Yesterday instead of rising, EUR/USD went down below the support line 1.1568 with a big red candle and is currently correcting to it. I expect a rejection of it from the line for possible bearish momentum towards the lower support 1.1340.Wait for the second retracement to 1.1568 before you short the pair just to ensure it is not a false a breakout. Right now my advice, remain flat and wait for a second correction to the line to short EUR with your ideal target at 1.1340 and stop loss slightly above 1.1568.As long as price remains below 1.1569,only short positions can be recommended on the chart above.
Technical levels
Resistance levels
R1.1.1734
R2.1.1766
R3.1.1852
Pivot
1.1685
Support levels
S1.1.1649
S2.1.1596
S3.1.1511
Trade signal
Remain flat.
101% Double the volume