12 Oktober 2018, EUR/USD
Technical observation
EUR/USD is on an increasing bullish momentum and I expect a loss of this movement within the resistance zone 1.1853-1.1819 to pick short positions within or around it with my ideal target at 1.1539 and stop loss around 1.1967.Should there be a clear breach above 1.1853-1.1819 with a big green candle, wait for a correction to it confirming possible bullish movement of price before you pick long positions towards the key line 1.2183. Right now, I’ll remain flat and wait for the rise to 1.1853-1.1819 to sell this pair. Only short positions can be recommended on the daily chart above within 1.1853-1.1819 towards 1.1539.
Technical levels
Resistance levels
R1.1.1552
R2.1.1587
R3.1.1667
Pivot
1.1516
Support levels
S1.1.1472
S2.1.1428
S3.1.1348
Trade signal
Remain flat.
Do you know against which currencies EUR is the most profitable?More trading assets here...