20 September 2017, EUR/USD
Technical Observation:
Eur continues to rally within a tight range but is currently showing signs of picking a momentum to the upper side. Today, I expect a bullish rise towards the 4 hour resistance line 1.2069 and even a breakout above it to continue long towards 1.2490. As it is, Eur is good for buying and therefore only a perfect buy position is worth waiting for. On its way upwards, key resistance lines can be seen around 1.2069, 1.2135 and 1.2490. If these lines are broken, then a rise towards 1.2500 will be the next ideal move.