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Bulls are charged

Bulls are charged | 14 September 2018

14 September 2018, EUR/USD

Bulls are charged

Technical observation

EUR/USD is still rising towards the resistance zone 1.1872-1.1849 and i expect nothing but a breach above it followed by a correction to it for a further rise in price. I picked long positions at the support 1.1539 and I’m waiting to collect my profits at 1.1849.In case there is break above the above mentioned zone, wait for a correction to it confirming further bullish momentum of price before you continue long with the pair towards the resistance line 1.2132, a breakout above 1.2131 should result to further upward rally of price towards the resistance 1.2422.Short positions may only be recommended below 1.1539.

Technical levels

Resistance levels

R1.1.1619

R2.1.1684

R3.1.1784

Pivot

1.1592

Support levels

S1.1.1519

S2.1.1485

S3.1.1385

Trade signal

Remain long.

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Bulls are charged

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Imelda Maseno
Analyst of «FreshForex» company
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