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Waiting for a breakout above 1.2066

Waiting for a breakout above 1.2066 | 08 September 2017

08 September 2017, EUR/USD

Waiting for a breakout above 1.2066
Technical Observation:
After a false breakout above 1.1923, Eur officially broke out above this resistance yesterday. After this breakout, Eur rallied even higher breaking above the next key resistance line 1.1967. This is a bullish indication and could mean the bulls are in complete dominance. I'm waiting for a break above the hourly resistance line 12066 to confirm a bullish move towards 1.210. This is from a bullish perspective, if the price is rejected from the resistance line 1.2066, or breaks below 1.1987, this will lead to a move to the lower side towards 1.1922 or even lower to 1.1836.
Technical levels:
Resistance levels
R3:1.22280
R2:1.21437
R1:1.20825
Pivot
1.19982
Support Levels
S1:1.19370
S2:1.18527
S3:1.17915
Trade Signal
Wait for a clear breakout above 1.2066 to long Eur towards 1.210

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Imelda Maseno
Analyst of «FreshForex» company
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