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Remain short

Remain short | 01 October 2018

01 October 2018, EUR/USD

Remain short

Technical observation

EUR/USD is currently rallying below the resistance zone 1.1853-1.1824,I expect correction to the zone followed by a bounce within it to pick short positions towards the support 1.1344.If you already picked short positions within the zone and your take profit has not yet been hit, remain short with your target still at 1.1344.If you had not traded this pair yet, wait for a correction to the resistance zone 1.1853-1.1824 then re-sell EUR within it after a rejection of price with your take profit at 1.1344 and stop loss slightly above 1.1853.Long positions may only be recommended above the zone 1.1853-1.1824 towards 1.2183.

Technical levels

Resistance levels

R1.1.1647

R2.1.169

R3.1.1772

Pivot

1.1608

Support levels

S1.1.1565

S2.1.1526

S3.1.1444

Trade signal

Remain short.

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Remain short

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Imelda Maseno
Analyst of «FreshForex» company
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