Remain flat | 18 September 2018

18 September 2018, EUR/USD

Remain flat

Technical observation

EUR/USD is still rallying between the resistance zone 1.1872-1.1849 and the support 1.1539,I expect either a rise to 1.1872-1.1849 or a pullback to 1.1539,in case of arise to 1.1872-1.1849 and a rejection within it, pick short position within the zone with your ideal target at 1.1539, and in case of correction to 1.1539 and a rejection at it, re-buy EUR at it with your ideal target at 1.1849.Should there be a breakout above 1.1872-1.1849 with a big green candle, wait for a correction to it confirming bullish momentum of price before you pick long positions towards the resistance key line 1.2131 or even higher to 1.2422

Technical levels

Resistance levels

R1.1.169

R2.1.1756

R3.1.1858

Pivot

1.1657

Support levels

S1.1.1588

S2.1.1554

S3.1.1452

Trade signal

Remain flat.

Do you know against which currencies EUR is the most profitable?

Remain flat

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Imelda Maseno
Analyst of «FreshForex» company
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