30 Agustus 2018, EUR/USD
Technical observation
EUR/USD is still trading between the resistance zone 1.1872-1.1849 and a support 1.1540.I expect either a correction to the zone or a pullback to 1.1540.If price rises to 1.1872-1.1849 and gets rejected within it, short the pair within the zone with your take profit at 1.1540 and stop loss slightly above 1.1872,and in case there’s no rise to the zone but a pullback to 1.1540,you can long EUR at it with your ideal target at 1.1849 and your stop loss slightly below 1.1540.Right now you can remain flat and wait for either to trade EUR.In case of a clear breach above 1.1872,wait for a correction to it before you long EUR.
Technical levels
Resistance levels
R1.1.1675
R2.1.1692
R3.1.178
Pivot
1.1608
Support levels
S1.1.1569
S2.1.1517
S3.1.1429
Trade signal
Remain flat.
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