02 ноября 2018, EUR/USD
Technical observation
Yesterday EUR/USD went up as expected and still could not penetrate above the resistance 1.1411, this pair was rejected then rallied on a bearish momentum for 8 hours and as long as it remains below 1.1411, I still expect more of this momentum towards the support 1.1305 followed by a clear breach below it for further downwards movement of price. I sold this pair at 1.1411 and I’m holding on to this positions with my take profit at 1.1305 and stop loss around 1.1468.Should there be a clear break above 1.1411,wait for a retracement to it to confirm bullish movement of EUR before you buy this pair on the second retracement.
Technical levels
Resistance levels
R1.1.1396
R2.1.1399
R3.1.1407
Pivot
1.1400
Support levels
S1.1.1388
S2.1.1384
S3.1.1377
Trade signal
Remain short towards 1.1305.
Do you know against which currencies EUR is the most profitable?
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