Technical observation
EUR was rejected at the support 1.1313 and is currently trading around it, price is rising significantly towards the resistance 1.1430 and as long as it remains below this line I expect nothing but bearish movement of EUR. I’m waiting for the correction to 1.1430 and a rejection at it to pick short positions with my ideal target at 1.13131 and stop loss slightly above 1.1430.Should there be a clear breach above 1.1430, wait for a correction to it confirming possible bullish movement of EUR before you buy this pair. On your way upwards the key lines to look for include, 1.1523, 1.1648 and the highest key resistance line 1.1793.
Technical levels
Resistance levels
R1.1.1396
R2.1.1399
R3.1.1407
Pivot
1.1398
Support levels
S1.1.1388
S2.1.1384
S3.1.1377
Trade signal
Wait for a correction to 1.1430 to sell EUR.
Origin: FreshForex
