16 Tháng bảy 2018, EUR/USD
Technical observation
EUR/USD broke up above a key resistance zone 1.1599-1.1520 with a big green candle. Price pulled back to it then rallied up to a resistance1.2422, it could not break up above it and was rejected, and it then pulled back to the support but could not break below it too then went up again. Right now it is pulling back to the zone for the third time and I expect a rejection of it form the zone for possible bullish movements of price towards 1.2422.In case of a break above 1.2422 with a big green candle, continue long with EUR after a correction to it towards 1.3469.Short positions may only be advisable below 1.1520.
Technical levels
Resistance levels
R1.1.1781
R2.1.1875
R3.1.2054
Pivot
1.1697
Support levels
S1.1.1603
S2.1.1518
S3.1.134
Trade signal
Wait for a correction to 1.1599-1.1520 to long EUR towards 1.2422.
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