31 Oktober 2018, EUR/USD
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.
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