Wait for a breakout below 1.1681-1.1670 | 13 July 2018
13 July 2018, EUR/USD
Technical observation
EUR/USD did not rise as predicted yesterday and is currently showing signs of breaking down below the supportive zone 1.1681-1.1670.I expect a clear breakout below the zone followed by a correction to it for possible bearish momentum towards the support 1.1561.I would advise you wait for the breakout below the zone followed by a correction to it before you short the pair but on the second correction to the zone just to ensure it is not a false breakout. If price pulls back up above the zone instead of moving down, then the breakout was false and you can still long EUR within 1.1681-1.1670 towards 1.1824.
Technical levels
Resistance levels
R1.1.1772
R2.1.1778
R3.1.1796
Pivot
1.1763
Support levels
S1.1.1754
S2.1.1743
S3.1.1726
Trade signal
Wait for a breakout below 1.1681-1.1670 to short EUR.
Do you know against which currencies EUR is the most profitable?
More trading assets here...
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.
