We're long | 07 September 2018

07 September 2018, EUR/USD

We're long

Technical observation

EUR/USD is still rallying above the support 1.1539, I expect another retracement to it for bullish momentum of price towards 1.1849.If you already picked long position at 1.1539, remain long with your ideal target at 1.1849,if not, wait for a correction to 1.1539 and a rejection of price at it then long the pair around it with your take profit at 1.1849 and stop loss around 1.1455.Should there be breach below 1.1539 with a big red candle, wait for a correction to it confirming bearish momentum of price before you pick short positions towards 1.1341, a breakout below 1.1341 can lead to a further decline in price.

Technical levels

Resistance levels

R1.1.1667

R2.1.1732

R3.1.1839

Pivot

1.1634

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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