Short EUR around 1.1167 towards 1.1082 | 23 June 2017
23 June 2017, EUR/USD
Technical Observation
As per the other day's forecast, EUR declined slightly to the lower side and is currently pulling back to my sell line 1.1167. Unless this is broken with a big green candle, I expect a second rejection from this line to short EUR towards 1.1082. A breakout above will push the price upwards towards 1.1224. On the 4 hour chart above, sell positions seems more ideal upon a rejection from 1.1167. With this sell position, your stop loss should be slightly above 1.1179
Technical levels:
Resistance levels
R1: 1.1173
R2: 1.1195
R3: 1.1234
Pivot Point
1.1157
Support Levels
S1: 1.1079
S2: 1.1118
S3: 1.1135
Trade Signal;
Short EUR around 1.1167 towards 1.1082
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.
