17 октября 2018, EUR/USD
Technical observation
EUR/USD is still rallying between the zone 1.1655-1.1646 and a support 1.1533,I expect either arise to the zone and a rejection within it for downwards momentum of price or a clear breakout below 1.1533 followed by a correction to it for possible bearish momentum towards 1.1441 or even lower to 1.1344.Im still neutral waiting for either of the above mentioned possibilities to trade this pair. Should there be a clear breach above 1.1655-1.1646 with s big green candle, wait for a correction to it confirming possible bullish momentum of EUR before you pick long positions towards the upper key line 1.1792 or even higher above the line.
Technical levels
Resistance levels
R1.1.155
R2.1.1552
R3.1.1556
Pivot
1.1550
Support levels
S1.1.1545
S2.1.1543
S3.1.1539
Trade signal
Remain flat temporarily.
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