11 September 2018, EUR/USD
Technical observation
Yesterday the pair on the daily chart above went up after a rejection of price at the support 1.1539 and is still long.I expect rise in it towards the resistance zone 1.1872-1.1849 and a possible breakout above it for further rise towards the resistance 1.2131 or even higher to 1.2422.If you bought this pair yesterday at 1.1539,remain long with your ideal target at 1.1849 and stop loss around 1.1450.After a breakout above 1.1872-1.1849,wait for a correction to it to confirm a further rise in price before you pick long positions again towards 1.2131.Only long positions can be recommended on the chart above.
Technical levels
Resistance levels
R1.1.1619
R2.1.1684
R3.1.1784
Pivot
1.1586
Support levels
S1.1.1519
S2.1.1485
S3.1.1385
Trade signal
Remain long.
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