Remain flat temporarily. | 10 July 2018
10 July 2018, EUR/USD
Technical observation
On the daily chart above, EUR/USD is trading on a downward trend. Price broke below a support zone 1.1841-1.1802 with a big red candle, it then retraced to it thrice before rallying down. Currently it is correcting to the zone for the fourth time and I expect a rejection of it within the zone for possible bearish momentum towards the support 1.1539, and a possible breach below 1.1539 for a further decline in price towards 1.1321.Right now, remain flat temporarily and wait for the price at 1.1841-1.1802 then short EUR within it with your ideal target at 1.1539 and stop loss slightly above 1.1841.
Technical levels
Resistance levels
R1.1.168
R2.1.17
R3.1.1747
Pivot
1.1653
Support levels
S1.1.1633
S2.1.1606
S3.1.156
Trade signal
Remain flat temporarily.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
