We're long | 13 September 2018

13 September 2018, EUR/USD

We're long

Technical observation

EUR/USD is still above the support 1.1539 rallying towards 1.1849,I expect a rise to the zone and a breakout above it for a further rise in price towards 1.2131.If you bought the pair at 1.1539,remain long with your ideal target at 1.1849,and if you had not traded this pair yet, wait for another correction to 1.1539 followed by a rejection at it before you pick long positions. Continue long with EUR after a breakout above 1.1872-1.1849 followed by a correction to it confirming a further rise towards 1.2131.Right now, only long positions look ideal and can be recommended on the daily chart above.

Technical levels

Resistance levels

R1.1.1619

R2.1.1684

R3.1.1784

Pivot

1.1590

Support levels

S1.1.1519

S2.1.1485

S3.1.1385

Trade signal

Remain long.

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

We're long

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Imelda Maseno
Analyst of «FreshForex» company
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