Remain long | 06 September 2018

06 September 2018, EUR/USD

Technical observation

If you bought this pair at 1.1539 recently, I would recommended you remain long with your ideal target at 1.1849.I expect a rally towards 1.1849 and a breakout above the resistance zone1.1872-1.1849 followed by a correction to it for possible bullish momentum towards 1.2131.You can continue long with the pair on the daily chart above after a breakout above 1.1872-1.1849 and a correction to it.Short positions may only be recommended after a breakout below 1.1539 with a big red candle followed by a pullback to it confirming bearish momentum of price towards the supportive key line 1.1341.

Technical levels

Resistance levels

R1.1.1667

R2.1.1732

R3.1.1839

Pivot

1.1632

Support levels

S1.1.1561

S2.1.1519

S3.1.1413

Trade signal

Remain long.

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Imelda Maseno
Analyst of «FreshForex» company
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