Forex Technical Analysis: Trend potential – Sell EUR/USD at 1.1430

EURUSD – Up

Sell EUR/USD at 1.1430

Technical observation

EUR is rising to the resistance1.1430 and I expect a bounce at it for bearish movement of price towards 1.1343.My advice, wait for the correction to the key line and a rejection at it then sell EUR at it with your take profit at 1.1343 and stop loss around 1.1469.In case that take profit is hit and there is a clear breakout below it with a big red candle, wait for a correction to it confirming further bearish movements of EUR before you continue short with this pair, and should price rise above 1.1430,wait for a pull back to the line to confirm possible bullish momentum of EUR before you enter long positions towards 1.1532.

Technical levels

Resistance levels

R1.1.1396

R2.1.1399

R3.1.1407

Pivot

1.1394

Support levels

S1.1.1388

S2.1.1384

S3.1.1377

Trade signal

Sell EUR/USD at 1.1430 with your take profit at 1.1343 and stop loss around 1.1469.

Do you know against which currencies EUR is the most profitable?

Sell EUR/USD at 1.1430

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