Remain flat | 20 September 2018

20 September 2018, EUR/USD

Technical observation

EUR/USD is still rallying between the resistance zone 1.1872-1.1849 and the support 1.1539, I expect either a pullback to 1.1539 or a rise to 1.1872-1.1849 and a rejection within it for bearish momentum. Should there be a correction to 1.1539 and a rejection at it, re-buy EUR at it with your ideal target at 1.1849 and in case of a rise to 1.1872-1.1849 and a rejection within it, re-sell EUR within it with your ideal target at 1.1539.Should there be a clear breakout above 1.1872-1.1849 with a big green candle wait for a correction to it confirming bullish movement of price before you pick long positions within it towards 1.2131.

Technical levels

Resistance levels

R1.1.169

R2.1.1756

R3.1.1858

Pivot

1.1661

Support levels

S1.1.1588

S2.1.1554

S3.1.1452

Trade signal

Remain flat.

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Imelda Maseno
Analyst of «FreshForex» company
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