Remain short | 26 Oktober 2018

26 Oktober 2018, EUR/USD

Remain short

Technical observation

After the breach below the support 1.1430, the pair on the 4Hour chart above retraced steadily to the just broken key line but could not penetrate above it and was rejected before moving downwards. I expect a decline to the key line 1.1314 and another retracement to the line 1.1430. Yesterday, I picked short position at 1.1430 and I’m holding onto it with my take profit at 1.1314 and stop loss slightly above 1.1430.In case of a clear penetration below 1.1314,I will wait for a correction to it confirming further bearish momentum of price before I continue short with EUR. Only short positions can be recommended right now.

Technical levels

Resistance levels

R1.1.1509

R2.1.1511

R3.1.1518

Pivot

1.1513

Support levels

S1.1.1502

S2.1.1498

S3.1.1491

Trade signal

Remain short.

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

Remain short

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.