Short EUR at 1.1534 | 07 November 2018

07 November 2018, EUR/USD

Technical observation

The pair on the daily chart above was rejected at a support and is currently correcting to the resistance 1.1534, I expect it to rise the key line and bounce within at for possible bearish momentum towards 1.1316, should there be a clear break above 1.1534, you can still short this pair within the resistance zone 1.1832-1.1802, as long as price remains below 1.1832-1.1802 only short positions can be recommended on the chart above. I’m looking to sell EUR at 1.1534 with my take profit at 1.1316 and stop loss around 1.1641.Long positions may only be advisable in case of a clear break above 1.1832-1.1802 towards 1.2183.

Trade signal

Sell EUR at 1.1534 with your take profit at 1.1316 and stop loss around 1.1641.

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

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus