Wait for a close at 1.1454 to sell EUR. | 28 December 2018
28 December 2018, EUR/USD
Technical observation
The pair on the daily chart above is rally around a resistance level 1.1454, my expectation is a rejection at it followed by possible bearish price rally towards 1.1214 and a breakout below it for a further decline , wait for a close at 1.1454 then sell this commodity with your take profit at 1.1214 and stop loss at 1.1609, as long as EUR is contained below the resistance 1.1454, only short positions may be advisable on the daily chart above but should there be a clear penetration above it with a big green candle then bullish price rally may be anticipated towards the key resistance zone 1.1840-1.1799 or even higher to the level 1.2185.
Trade recommendation
Wait for a close at 1.1454 to sell EUR.
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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.
