03 сентября 2018, EUR/USD
Technical observation
After the breach above the line 1.1540, EUR/USD corrected to it once before rallying up, currently price is correcting to it for the second time and I expect a rejection of it at the line for possible bullish momentum towards 1.1849.In case of a breakout below 1.1540 with a big red candle, wait for a correction to it confirm bearish momentum of price before you enter short positions just to ensure it is not a false breakout. You can also still short the pair on the daily chart above within 1.1872-1.1849 toward s 1.1540 in case of a rejection of price within it.Right now wait for a correction to 1.1540 to buy EUR.
Technical levels
Resistance levels
R1.1.1667
R2.1.1732
R3.1.1839
Pivot
1.1626
Support levels
S1.1.1561
S2.1.1519
S3.1.1413
Trade signal
Buy EUR/USD around 1.1540 with your take profit at 1.1540 and stop loss around 1.1435.
Do you know against which currencies EUR is the most profitable?
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