Remain long | 11 September 2018

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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Imelda Maseno
Analyst of «FreshForex» company
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