Remain flat. | 10 August 2018
10 August 2018, EUR/USD
Technical observation
EUR/USD went up towards 1.1744-1.1721 but could not reach it, it was rejected then went down 1.1509 but could not penetrate below. Currently price is on a bullish bias but I expect either a correction to 1.1744-1.1721 or a clear breach below 1.1509.In case of a correction to 1.1744-1.1721, wait for a rejection within it then short EUR with the mentioned zone with your take profit at 1.1509 and stop loss slightly above 1.1744.If price does not pullback to 1.1744-1.1721 and instead breaks below 1.1509, wait for a correction to it before you short the pair with your take profit at 1.1337 and stop loss around 1. 1614.
Technical levels
Resistance levels
R1.1.1599
R2.1.163
R3.1.1681
Pivot
1.164
Support levels
S1.1.1549
S2.1.1529
S3.1.1479
Trade signal
Remain flat.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
