Buy EUR/USD at 1.1539 | 12 September 2018

12 September 2018, EUR/USD

Buy EUR/USD at 1.1539

Technical observation

The pair on the daily chart above is still rallying above the key support line 1.1539.Yesterday price went up but not for long and is currently pulling back to the line, I expect a rejection of it at 1.1539 for bullish momentum of price towards 1.1849 and a possible breakout above the resistance zone 1.1872-1.1849 for a further rise EUR towards 1.2131 or even higher to 1.2422.Im looking to pick long position at 1.1539 after a rejection of price at it with my take profit at 1.1849 and stop loss around 1.1435.Short positions may only be recommended below the supportive line 1.1539 towards the lower support 1.1341

Technical levels

Resistance levels

R1.1.1619

R2.1.1684

R3.1.1784

Pivot

1.1588

Support levels

S1.1.1519

S2.1.1485

S3.1.1385

Trade signal

Buy EUR/USD at 1.1539 towards 1.1849

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

Buy EUR/USD at 1.1539

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Imelda Maseno
Analyst of «FreshForex» company
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