Re-sell within 1.1853-1.1824 | 28 September 2018

28 September 2018, EUR/USD

Re-sell within 1.1853-1.1824

Technical observation

The pair on the daily chart above is correcting to the resistance zone 1.1853-1.1824 and I expect nothing but a bounce of it within the zone for possible bearish momentum towards the support 1.1344, or, a clear breakout above the zone with a big green candle followed by a correction to it for possible bullish momentum towards the resistance line 1.2183 and a possible breakout above it for a further rise in price. My advice, wait for a correction to 1.1853-1.1824 and a bounce form it then pick short positions within it with your take profit at 1.1344 and stop loss slightly above 1.1853.Right now only short positions can be recommended.

Technical levels

Resistance levels

R1.1.1791

R2.1.1832

R3.1.1903

Pivot

1.1768

Support levels

S1.1.172

S2.1.1691

S3.1.1621

Trade signal

Wait for a correction to 1.1853-1.1824 to sell EUR/USD.

Do you know against which currencies EUR is the most profitable?

Re-sell within 1.1853-1.1824

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Imelda Maseno
Analyst of «FreshForex» company
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