27 September 2018, EUR/USD
Technical observation
On the daily chart above, EUR/USD is currently rallying on an increasing bullish momentum below the resistance zone 1.1822-1.1800, I expect either a rejection price within the zone for possible bearish momentum towards 1.1344, or a clear breakout above the zone with a big green candle for possible bullish momentum towards 1.2183 or even higher. My advice, remain flat temporarily and wait for the rejection within 1.1822-1.1800 or a breakout above it to trade the pair on the daily chart above. In case of a rejection within the zone short the pair within it with your take profit at the support 1.1344 and stop loss around 1.1911.
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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