Remain short | 24 September 2018

24 September 2018, EUR/USD

Remain short

Technical observation

On the daily chart above, EUR/USD is currently trading between a resistance zone 1.872-1.1849 and a support 1.1539, price was rejected around the zone before rallying down and i expect a correction to 1.1539 followed by a rejection at it to buy EUR with my take profit at 1.1849 and stop loss slightly below .1539,in case price does not pullback to 1.1539 and instead rises to 1.1872-1.1849 then breaks above it with a big green candle, wait for a correction to it confirming possible bullish momentum of price before you pick long positions towards the resistance 1.2131.If you sold this pair around 1.872-1.1849,remain short towards 1.1539.

Technical levels

Resistance levels

R1.1.1791

R2.1.1832

R3.1.1903

Pivot

1.1762

Support levels

S1.1.172

S2.1.1691

S3.1.1621

Trade signal

Remain short.

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

Remain short

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Imelda Maseno
Analyst of «FreshForex» company
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