24 September 2018, EUR/USD
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.
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