Remain short | 25 September 2018

25 September 2018, EUR/USD

Remain short

Technical observation

EUR/USD is still rallying on a bearish bias, I expect a decline in price towards the key line1.1344,if you sold this pair within the resistance zone 1.1824-1.1797,remain short with your ideal target at 1.1344,if you had not sold this pair yet, wait for a pullback the zone and a rejection within it to pick short position with your ideal target at 1.1344 and stop loss slightly above 1.1824. Should there be a breakout above 1.1824-1.1797 with a big green candle, I expect a rise to the upper side towards 1.2183 after a correction of price to the just broken zone and a rejection within it.Right now remain short towards 1.1344.

Technical levels

Resistance levels

R1.1.1791

R2.1.1832

R3.1.1903

Pivot

1.1764

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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