Remain flat temporarily. | 16 Octubre 2018

16 Octubre 2018, EUR/USD

Remain flat temporarily.

Technical observation

The pair on the 4hour chart above is rallying between a resistance zone 1.1655-1.1646 and a support 1.1533,I expect either a retracement to the zone and a rejection within it for bearish momentum of price, or a decline to the support followed by a clear breakout below it and a pullback to it for downwards momentum. Remain flat temporarily and wait for either to trade this pair. Should there be a clear breach above 1.1655-1.1646 with a big green candle, wait for a correction to it confirming possible bullish momentum of price before you pick long positions towards 1.1792 or even higher.

Technical levels

Resistance levels

R1.1.155

R2.1.1552

R3.1.1556

Pivot

1.1548

Support levels

S1.1.1545

S2.1.1543

S3.1.1539

Trade signal

Remain flat temporarily.

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

Remain flat temporarily.

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