Remain long towards 1.2611. | 13 Septiembre 2017

13 Septiembre 2017, EUR/USD

Remain long towards 1.2611.

Technical Observation
Eur is currently trading above its daily pivot line set at 1.1957. Unless there's a clear bearish breach below this pivot line, I expect a positive rally towards the weekly resistance line 1.2611 or even a break above to continue upwards. On the way upwards, the key Resistance lines to check for include 1.1979, 1.2221, and lastly 1.2570. If these lines are broken, then the price will definitely hit our take profit set at the weekly resistance line 1.2611. At the moment, sell positions seems more risky and may not be recommended especially while the price is still above its daily pivot line 1.1957.
Technical levels:
Resistance levels
R1: 1.1987
R2: 1.2009
R3: 1.2061
Pivot
1.1957
Support Levels
S1: 1.1852
S2: 1.1904
S3: 1.1935
Trade Signal
Remain long towards 1.2611.

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Imelda Maseno
Analyst of «FreshForex» company
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