We're long | 05 September 2018

05 September 2018, EUR/USD

We're long

Technical observation

Yesterday the pair on the daily chart above pulled to the support 1.1539,it was rejected and so could not breakout below it.I expect a surge to the upper side towards the resistance zone 1.1872-1.1849 and a possible breakout above it too for further rise in price towards 1.2131 or even higher to 1.2422.If you bought EUR/USD yesterday at 1.1539,remain long with your take profit set at 1.1849 and stop loss slightly below 1.1539.Shoud there be a breach below 1.1539 with a big red candle, wait or a correction to it to confirm bearish movement of price before you enter short positions on the second retracement towards 1.1341.

Technical levels

Resistance levels

R1.1.1667

R2.1.1732

R3.1.1839

Pivot

1.1630

Support levels

S1.1.1561

S2.1.1519

S3.1.1413

Trade signal

Remain long.

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

We're long

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Imelda Maseno
Analyst of «FreshForex» company
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