29 Agustus 2018, EUR/USD
Technical observation
EUR/USD is still rallying towards the resistance zone 1.1872-1.1849,I expect a rejection of it within the zone for possible bearish movements of price. Remain flat and wait for the correction to 1.1872-1.1849 then short the pair on the daily chart above within it with your take profit at the key supportive line 1.1540 and stop loss slightly above 1.1872.In case there’s a clear breakout above 1.1872 with a big green candle, wait for a confirmation of possible bullish momentum before you enter long positions with your ideal target at the key resistance line 1.2131.Right now remain flat and wait.
Technical levels
Resistance levels
R1.1.1675
R2.1.1692
R3.1.178
Pivot
1.1606
Support levels
S1.1.1569
S2.1.1517
S3.1.1429
Trade signal
Remain flat.
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