07 Septiembre 2018, EUR/USD
Technical observation
EUR/USD is still rallying above the support 1.1539, I expect another retracement to it for bullish momentum of price towards 1.1849.If you already picked long position at 1.1539, remain long with your ideal target at 1.1849,if not, wait for a correction to 1.1539 and a rejection of price at it then long the pair around it with your take profit at 1.1849 and stop loss around 1.1455.Should there be breach below 1.1539 with a big red candle, wait for a correction to it confirming bearish momentum of price before you pick short positions towards 1.1341, a breakout below 1.1341 can lead to a further decline in price.
Technical levels
Resistance levels
R1.1.1667
R2.1.1732
R3.1.1839
Pivot
1.1634
Support levels
S1.1.1561
S2.1.1519
S3.1.1413
Trade signal
Remain long.
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