13 Diciembre 2018, EUR/USD
Technical observation
EUR is rallying below a key resistance zone 1.1453-1.1431 and I expect correction to it followed by bounce within it to sell this pair. In case there’s no correction to 1.1453-1.1431 but a decline to the support 1.1217 followed by a breakout below it, wait for a correction to it confirming further bearish momentum before you continue short with EUR but should there a rise to 1.1453-1.1431 followed by a clear penetration above it with a big green candle, then bullish price rally will be anticipated towards the resistance 1.1799 after a correction to the just broken zone more than once. Right now you can wait for a correction 1.1453-1.1431 to sell EUR.
Trade recommendation
Wait for a pullback to zone 1.1453-1.1431 to sell EUR with your tale profit at 1.1217 and stop loss at 1.1549.
Do you know against which currencies EUR is the most profitable?
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