31 августа 2018, EUR/USD
Technical observation
EUR/USD has started pulling back to the support 1.1540, I expect a rejection of it at the line for possible bullish momentum towards 1.1849 and a possible breach above it with a big green candle for a further rise in price. In case there’s no rejection at 1.1540 but a breach below it, wait for a correction to it to confirm downwards movement of price before you enter short positions towards the key supportive line 1.1341.You can still also short the pair on the daily chart above within the resistance zone 1.1872-1.1849 if there’s a rejection of price within it.Remain flat now and wait for the pullback to 1.1540.
Technical levels
Resistance levels
R1.1.1675
R2.1.1692
R3.1.178
Pivot
1.1610
Support levels
S1.1.1569
S2.1.1517
S3.1.1429
Trade signal
Remain flat.
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