EURUSD – Up
Technical observation
The pair on the daily chart above rallied up to the support 1.1539 but could not penetrate below it, it was rejected and is currently moving on an increasing bullish bias towards the resistance zone 1.1853-1.1824, I expect price to ascend up to the zone and bounce within it for possible bearish momentum towards 1.1539.I picked my profits at 1.1539 and I am currently waiting for the correction to 1.1853-1.1824to re-sell EUR. Should there be a breach below 1.1539, wait for a correction to it confirming further bearish momentum of price before you continue short with the pair. Right now you wait.
Technical levels
Resistance levels
R1.1.1647
R2.1.169
R3.1.1772
Pivot
1.1612
Support levels
S1.1.1565
S2.1.1526
S3.1.1444
Trade signal
Wait for a correction to 1.1853-1.1824 to re-sell EUR/USD.
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