Short Towards 1.0841 | 01 May 2017
01 May 2017, EUR/USD
Technical Observation:
Recently, EUR spiked above 1.0926-1.0907 is currently below it. This is a possible false breakout and unless there's a second break above 1.0926, I choose to remain bearish bias on this pair. On the hourly chart above, A possible bearish move towards 1.0841 is likely. My advice, if your sent short below 1.0907, only remain short up to 1.0841. A clear breach below 1.0841 will shift more possible buyers into sellers.
Technical levels:
Resistance levels
R2: 1.0895
R3: 1.0902
Pivot Point
1.2894
Support Levels
S1:1.0875S2: 1.0882
S3: 1.0884
Trade Signal
Remain short towards 1.0841
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.
