24 Juli 2018, EUR/USD
Technical observation
On the 4H chart above.EUR/USD broke above a resistance zone1.1675-1.1667 with a big green candle. Price then rallied up to a resistance line 1.1746 it was rejected and could not penetrate above it.It is now correcting to the just broken line and I expect a rejection of it within the line for possible bullish momentum towards 1.1746 and a breach above it for a further rise in price towards the resistance 1.1825.Wait for the pullback to 1.1677-1.1667 then long EUR within it with your ideal target at 1.1746 and stop loss slightly below 1.1667.In case of a breakout above 1.1746,wait for a correction to it the continue long.
Technical levels
Resistance levels
R1.1.1749
R2.1.1754
R3.1.1767
Pivot
1.1742
Support levels
S1.1.1737
S2.1.1729
S3.1.1717
Trade signal
Wait for the pullback to 1.1677-1.1667 to buy EUR within it with your take profit at 1.1746 and stop loss slightly below 1.1667.
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