Remain short | 24 September 2018

24 September 2018, EUR/USD

Remain short

Technical observation

On the daily chart above, EUR/USD is currently trading between a resistance zone 1.872-1.1849 and a support 1.1539, price was rejected around the zone before rallying down and i expect a correction to 1.1539 followed by a rejection at it to buy EUR with my take profit at 1.1849 and stop loss slightly below .1539,in case price does not pullback to 1.1539 and instead rises to 1.1872-1.1849 then breaks above it with a big green candle, wait for a correction to it confirming possible bullish momentum of price before you pick long positions towards the resistance 1.2131.If you sold this pair around 1.872-1.1849,remain short towards 1.1539.

Technical levels

Resistance levels

R1.1.1791

R2.1.1832

R3.1.1903

Pivot

1.1762

Support levels

S1.1.172

S2.1.1691

S3.1.1621

Trade signal

Remain short.

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Remain short

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Imelda Maseno
Analyst of «FreshForex» company
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