Buy EUR/USD at 1.1539 | 04 September 2018

04 September 2018, EUR/USD

Buy EUR/USD at 1.1539

Technical observation

EUR/USD is still pulling back to the support 1.1539,I expect nothing but a rejection of it at the line for possible bullish momentum towards 1.1849.You can long the pair on the daily chart above at the line with your take profit at 1.1849 and stop loss slightly below 1.1539.Should there be a breach below the line with a big red candle, wait for a correction to it confirming bearish momentum of EUR before you enter short positions with your ideal target at 1.1341,should the price breakout below it too, wait for a pullback to it before you continue short with the pair. Right now wait temporarily for a close at 1.1539.

Technical levels

Resistance levels

R1.1.1667

R2.1.1732

R3.1.1839

Pivot

1.1628

Support levels

S1.1.1561

S2.1.1519

S3.1.1413

Trade signal

Buy EUR/USD at 1.1539 with your take profit at 1.1849 and stop loss slightly below 1.1539.

Do you know against which currencies EUR is the most profitable?

Buy EUR/USD at 1.1539

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Imelda Maseno
Analyst of «FreshForex» company
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