02 Oktober 2018, EUR/USD
Technical observation
In the past few days, EUR has been pulling intensely to the lower side, this is a bearish dominance signal, and while the price is below the resistance zone 1.1853-1.1824,I expect a rally to the lower side towards 1.1344.In the meantime, I’m waiting for either a breakout below the support 1.1539 or a bounce from it followed by by a correction to 1.1853-1.1824 to resell EUR.As it is on the chart attached, if you went short within 1.1853-1.1824,then take your profits at 1.1344.Should there be a clear breakout above 1.1853-1.1824 with a big green candle, wait for a correction to it before you pick long positions towards 1.2183.
Technical levels
Resistance levels
R1.1.1647
R2.1.169
R3.1.1772
Pivot
1.1610
Support levels
S1.1.1565
S2.1.1526
S3.1.1444
Trade signal
We’re short towards 1.1539.
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