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Sell eur upon a bounce from 1.175154

Sell eur upon a bounce from 1.175154 | 31 July 2018

31 July 2018, EUR/USD

Sell eur upon a bounce from 1.175154

Technical Observation:

Eur is currently trading with an increasing bullish bias momentum. The other day, Eur rallied significantly upwards and is showing signs of extending upwards. I'm looking for a potential bounce from the 4 hour resistance line 1.17515-1.17438 to pick a short position with my take profit at 1.15. Should price break above this level, then we are likely to witness a scenario where the price could rally upwards towards 1.18450. You may look for a buy position after this breakout but have your take profit at 1.18450.

Trade Signal.

Sell eur upon a bounce from 1.175154

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Sell eur upon a bounce from 1.175154

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Imelda Maseno
Analyst of «FreshForex» company
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