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Remain flat temporarily.

Remain flat temporarily. | 21 September 2018

21 September 2018, EUR/USD

Remain flat temporarily.

Technical observation

EUR/USD Is currently trading with an increasing bullish momentum. For several days now, this pair has been has been rallying upwards and is currently approaching a key resistance zone 1.1872-1.1849, unless a clear breakout is seen above this zone, I expect a surge a bounce from it to pick short positions within it with my ideal target at 1.1539, while if price should break above it, then I expect a surge towards 1.2131 or even higher to 1.2422.As it is on the daily chart above, it is good to remain flat temporarily and wait for a bounce within 1.1872-1.1849 to pick short positions or a clear breach above the zone to long EUR.

Technical levels

Resistance levels

R1.1.169

R2.1.1756

R3.1.1858

Pivot

1.1663

Support levels

S1.1.1588

S2.1.1554

S3.1.1452

Trade signal

Remain flat temporarily.

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Remain flat temporarily.

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Imelda Maseno
Analyst of «FreshForex» company
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