17 July 2018, EUR/USD
Technical observation
On the chart above,EUR is pulling back to the resistance zone 1.1823-1.1803.I expect a rejection of it within the zone for bearish movement of price towards the support 1.1520 and a possible breach below it for a further decline in price towards 1.1339.Right now you can remain flat temporarily and wait for the correction to 1.1823-1.1803 then short the pair within the zone with your take profit at 1.1520 and stop loss slightly above 1.1823,if price goes below 1.1520,wait for a retracement to it then continue short with EUR towards 1.1339.On the chart above only short positions look idea and can be advised within 1.1823-1.1803.
Technical levels
Resistance levels
R1.1.1712
R2.1.1738
R3.1.1813
Pivot
1.1662
Support levels
S1.1.1637
S2.1.1587
S3.1.1512
Trade signal
Remain flat.
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