12 Julio 2018, EUR/USD
Technical observation
On the 4H chart above, EUR/USD pulled back downwards yesterday to the resistance zone 1.1681-1.1670 where I’m looking for a buy position. Price bounced from the 4hour support zone and is currently rising towards the resistance 1.1824.I expect a rise to 1.1824 and a breakout above it for further bullish momentum towards 1.1990 or even further up to 1.2134.Im looking to long the pair now within the zone with my ideal target at 1.1824 and stop loss slightly below 1.1670.On your way upwards the key lines to look for are, 1.1824, 1.1990, 1.2134 and 1.2422, short position may only be advisable below 1.1681-1.1670.
Technical levels
Resistance levels
R1.1.1772
R2.1.1778
R3.1.1796
Pivot
1.1761
Support levels
S1.1.1754
S2.1.1743
S3.1.1726
Trade signal
Long EUR now with your take profit at 1.1824 and stop loss slightly below 1.1670.
Do you know against which currencies EUR is the most profitable?
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