09 октября 2018, EUR/USD
Technical observation
EUR/USD is still below the resistance line 1.1539 rallying towards the support 1.1344,if you sold this pair yesterday at 1.1539, remain in the trade with your ideal target at 1.1344 and stop loss around 1.1619.I expect bearish momentum towards 1.1344 and a possible breach below it for a further decline in price. Should there be a breakout above 1.1539, wait for a rise to the key resistance zone 1.1853-1.1824 and a rejection within it to pick short positions. Long positions may only be recommended in case of a clear breach above 1.1853-1.1824 with a big green candle followed by a correction to it towards 1.2183.
Technical levels
Resistance levels
R1.1.1552
R2.1.1587
R3.1.1667
Pivot
1.1510
Support levels
S1.1.1472
S2.1.1428
S3.1.1348
Trade signal
Remain short.
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