FX.co ★ EUR/USD for September 17,2019 - Rejection of the key support at 1.1000, watch for bullish opportunities

EUR/USD has been trading exactly what I expected yesterday. The EUR tested and rejection from the key support at 1.1000 (Fibonacci retracement 61.8%). It is very risky to watch for selling opportunities now due to potential rally back into the 1.1056-1.1080 area.

Purple horizontal lines – Fibo support levels

Yellow rectangles – Resistance levels

Rising purple line – Expected path

My advice is to watch potential buying opportunities on the EUR/USD due to potential buying on the dips. EUR/USD is trading inside of the news candles range, which might be tricky for potential next direction. Since the level of 1.1000 is holding, there is chance for more upside in my opinion and potential test of 1.1055-1.1080. Watch for 5/15 minutes bull flags/abc down to time your long entries better.