Eur is currently trading with an increasing bullish momentum. I expected a decline in price towards the supportive zone 1.1617-1456 but as it seems, Eur could just continue upwards notwithstanding my expectation. With that in mind, I expect I rise to the upper side towards the weekly resistance line 1.2464 where I'll be looking for a sell position. Alternatively, if the price should decline, then the best place to pick a buy trade is on a bounce from 1.1617-1.1456 with my take profit at 1.2464.
Technical Levels
Resistance levels
R1: 1.1859
R2: 1.1943
R3: 1.2092
Pivot
1.1799
Support Levels
S1: 1.1496
S2: 1.1645
S3: 1.171
Trade Signal
Re-buy Eur around 1.1617 with your take profit at 1.2464
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