21 September 2018, EUR/USD
Technical observation
EUR/USD Is currently trading with an increasing bullish momentum. For several days now, this pair has been has been rallying upwards and is currently approaching a key resistance zone 1.1872-1.1849, unless a clear breakout is seen above this zone, I expect a surge a bounce from it to pick short positions within it with my ideal target at 1.1539, while if price should break above it, then I expect a surge towards 1.2131 or even higher to 1.2422.As it is on the daily chart above, it is good to remain flat temporarily and wait for a bounce within 1.1872-1.1849 to pick short positions or a clear breach above the zone to long EUR.
Technical levels
Resistance levels
R1.1.169
R2.1.1756
R3.1.1858
Pivot
1.1663
Support levels
S1.1.1588
S2.1.1554
S3.1.1452
Trade signal
Remain flat temporarily.
Do you know against which currencies EUR is the most profitable?More trading assets here...