Technical Analysis Based on Breakout – Short now towards 1.1729

EURUSD – Up Technical Observation: Perfectly as per yesterday’s analysis, Eur declined in value and should continue to fall even during this intraday. earlier today, Eur went below the supportive zone 1.1812-1800, and is currently rallying below this zone. While the price is still below this zone, I’m only interested in short position with my take profit at 1.1729 or even lower. If the price breaks above 1.1812 with a big green candle, then I’ll wait for a pullback to the just broken line to buy Eur towards 1.1885 and the next take profit at 1.1945. Technical Levels Resistance levels R1: 1.2012 R2: 1.2094 R3: 1.2326 Pivot 1.1863 Support Levels S1: 1.1399 S2: 1.1631 S3: 1.178 Trade Signal Short now towards 1.1729
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