19 сентября 2018, EUR/USD
Technical observation
EUR/USD is still rallying between the resistance zone 1.1872-1.1849 and the support 1.1539,I’m expecting either a rise to 1.1872-1.1849 and a rejection within it for bearish momentum of price, or a decline to 1.1539 and a rejection at it for bullish movement of price. In case of a rally to 1.1872-1.1849 and a rejection within it, pick short position with your ideal target at 1.1539 and in case there’s a breakout above 1.1872-1.1849 with a big green candle, wait for a correction to it confirming bullish movements of EUR before you pick long positions towards the line 1.2131.Right now remain flat and wait.
Technical levels
Resistance levels
R1.1.169
R2.1.1756
R3.1.1858
Pivot
1.1659
Support levels
S1.1.1588
S2.1.1554
S3.1.1452
Trade signal
Remain flat.
Do you know against which currencies EUR is the most profitable?
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