26 September 2018, EUR/USD
Technical observation
EUR/USD is still rallying around a key daily resistance zone 1.1853-1.1824.I expect either a retracement to the zone and a bounce from it for possible bearish momentum towards 1.1344 or a clear breach above this zone followed by a correction to it confirming possible bullish movement of price towards 1.2183.In case of a bounce within 1.1853-1.1824, re-sell this pair within the zone with your take profit at 1.1344 and stop loss slightly above 1.1853,and should there be a clear breach above the above mentioned zone followed by a correction to it confirming possible bullish momentum ,buy EUR within it towards 1.2183.
Technical levels
Resistance levels
R1.1.1791
R2.1.1832
R3.1.1903
Pivot
1.1766
Support levels
S1.1.172
S2.1.1691
S3.1.1621
Trade signal
Remain flat temporarily.
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