Tuesday, September 18, 2018

Wed, 19th Sep Technical Analysis


EURUSD SIGNAL TRADING UPDATES FOR WEDNESSDAY 19th SEP.
As you can see from the daily chart above,(Red Arrow that points down to the daily candle close) The single currency open near the upper channel of the triangle and trade strongly outside it but whipsawed and closed back inside the triangle. the price action overall still points to the downside. the battle between the sellers and buyers always ends in favour of the sellers... Recommendation is to sell any rally within 1.1680 - 1.1710 and place a stop at 1.1730. the first target on the downside at 1.1610, After a successful clear of 1.1600 support then next target at 1.1580 area.
Do have a nice trading day ahead.

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