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Remain flat.

Remain flat. | 03 December 2018

03 December 2018, EUR/USD

Remain flat.

Technical observation

EUR is declining towards the support 1.1214 and I expect either a rejection at it followed by a correction to 1.1535 to sell EUR, or a clear breakout below the support followed by a correction to it for bearish price rally. I’ll remain neutral now and wait for either a correction to 1.1535 or a breakout below 1.1214 to sell this pair. Should there be a clear breach above 1.1535 with a big green candle, you can still short this pair within the resistance zone 1.1840-1.1799.As long as sellers contain EUR below 1.1840-1.1799, only short positions may be recommended .Bullish price rally may only be anticipated above 1.1840-1.1799.

Trade recommendation

Remain flat.

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Imelda Maseno
Analyst of «FreshForex» company
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