EURUSD – Up
Yesterday the pair on the daily chart above broke below a key support zone (1.2240-1.22110 with a big red candle; when price was corrected to the zone it could not be contained within the zone and as not rejected instead it penetrated below the zone resulting into the breakout. Right now it is rallying below the just broken zone and I expect a correction to the zone and a possible rejection of it within or around it for bearish movements of price towards 1.1935, I would advise you wait for a retracement and rejection of price around or within the zone then short EUR with your take profit at 1.1935 and stop loss around 1.2340.
Wait for a correction to (1.2240-1.2211) to short EUR with your take profit at 1.1935 and stop loss around 1.2340.
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