24 July 2018, EUR/USD
Technical observation
On the 4H chart above.EUR/USD broke above a resistance zone1.1675-1.1667 with a big green candle. Price then rallied up to a resistance line 1.1746 it was rejected and could not penetrate above it.It is now correcting to the just broken line and I expect a rejection of it within the line for possible bullish momentum towards 1.1746 and a breach above it for a further rise in price towards the resistance 1.1825.Wait for the pullback to 1.1677-1.1667 then long EUR within it with your ideal target at 1.1746 and stop loss slightly below 1.1667.In case of a breakout above 1.1746,wait for a correction to it the continue long.
Technical levels
Resistance levels
R1.1.1749
R2.1.1754
R3.1.1767
Pivot
1.1742
Support levels
S1.1.1737
S2.1.1729
S3.1.1717
Trade signal
Wait for the pullback to 1.1677-1.1667 to buy EUR within it with your take profit at 1.1746 and stop loss slightly below 1.1667.
Do you know against which currencies EUR is the most profitable?More trading assets here...