Sell EUR/USD at 1.1539 | 10 Octubre 2018

10 Octubre 2018, EUR/USD

Sell EUR/USD at 1.1539 Technical observation

Yesterday the pair on the pair on the daily chart above did not pull down as expected but is currently correcting to 1.1539, I expect a rejection of it at the line followed by bearish momentum towards 1.1344 and a breakout below this line for a further decline in price. On the shorter time frame, this pair is also correcting to a resistance line and I expect bearish momentum. Wait for a correction to 1.1539 and a rejection at it to pick short positions with your take profit at 1.1344 and stop loss slightly above 1.1539.Only short positions can be advisable on this daily chart above and on the lesser time frame of this pair.

Technical levels Resistance levels

R1.1.1552

R2.1.1587

R3.1.1667

Pivot

1.1512

Support levels

S1.1.1472

S2.1.1428

S3.1.1348

Trade signal

Sell EUR/USD at 1.1539 with your take profit at 1.1344 and stop loss slightly above 1.1539.

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

Sell EUR/USD at 1.1539

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Imelda Maseno
Analyst of «FreshForex» company
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