Wait for a correction to 1.1591-1.1506. | 27 Agosto 2018

27 Agosto 2018, EUR/USD

Wait for a correction to 1.1591-1.1506.

Technical observation

The pair on the chart above is on an upward trend, recently price broke below the supportive zone 1.1591-1.1506 but could not be contained then broke above it again. I expect a correction to the just mentioned zone followed by a rejection of price within it for possible bullish momentum towards the resistance key line 1.2422.As long as price remains above 1.1591-1.1506 only long positions can be recommended for the pair on the chart above. Long EUR/USD within 1.1591-1.1506 with your take profit at 1.2422 and stop loss slightly below 1.1506.Short positions may only be advisable below 1.1591-1.1506.

Technical levels

Resistance levels

R1.1.171

R2.1.1797

R3.1.2043

Pivot

1.1552

Support levels

S1.1.1464

S2.1.1306

S3.1.1061

Trade signal

Wait for a correction to 1.1591-1.1506.

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

Wait for a correction to 1.1591-1.1506.

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus