Remain flat | 31 Oktober 2018

31 Oktober 2018, EUR/USD

Remain flat

Technical observation

EUR pulled to the lower side and is currently at the support 1.1343, I expect either a clear breakout below the line or a rejection form it followed by a rally to the upper side towards the resistance line 1.1430 and a rejection at it for possible bearish movement of price. If price cross below 1.1343, I will wait for a confirmation of possible bearish momentum of EUR before I pick short positions, and in case of a rejection at 1.1343 and a correction to 1.1430,I will re-sell this pair at the key line with my take profit at 1.13143 and stop loss around 1.1469.Right now only short positions can be recommended in the chart above.

Technical levels

Resistance levels

R1.1.1396

R2.1.1399

R3.1.1407

Pivot

1.1396

Support levels

S1.1.1388

S2.1.1384

S3.1.1377

Trade signal

Remain flat.

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

Remain flat

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Imelda Maseno
Analyst of «FreshForex» company
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