09 июля 2018, EUR/USD
Technical observation
EUR/USD is trading on an upward trend. After breaking above a resistance zone 1.1511-1.1457, price retraced to it before moving up. Recently it corrected to it again for the second time but could not penetrate below it then went up and is still rallying towards the resistance 1.2456, If you bought EUR within 1.1511-1.1457, remain long with your ideal target at 1.2456 and stop loss slightly below 1.1457.If you had not bought it yet, you can remain flat now and wait for a correction to the zone then long the pair within it.Short positions may only be recommended below in case of a breakout below 1.1457 with a big red candle.
Technical levels
Resistance levels
R1.1.1811
R2.1.1878
R3.1.2055
Pivot
1.1701
Support levels
S1.1.1634
S2.1.1524
S3.1.1347
Trade signal
Remain long
101% Double the volume
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