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Long from 1.1495

Long from 1.1495 | 23 August 2018

23 August 2018, EUR/USD

Technical Observation

Last trading day, Eur pulled back to the lowerside but is still above the two simple Moving Averages. This pair is still bullish while the downside is protected by the two SMAs, I expect a clear bounce from 1.1495 to pick a long term long position with my first take profit at 1.1645. If this take profit is taken out, then further rally towards 1.18 ie expected. On the otherside, only a clear breakout below 1.1495 will attract a short position with an ideal first take profit at 1.1405 and the next at 1.1315.

Trade Signal.

Long from 1.1495

101% Double the volume

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Imelda Maseno
Analyst of «FreshForex» company
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