Remain flat temporarily. | 26 September 2018

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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Imelda Maseno
Analyst of «FreshForex» company
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