05 September 2018, EUR/USD
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.
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