Waiting for a breakout above 1.2066 | 08 September 2017
08 September 2017, EUR/USD
Technical Observation:
After a false breakout above 1.1923, Eur officially broke out above this resistance yesterday. After this breakout, Eur rallied even higher breaking above the next key resistance line 1.1967. This is a bullish indication and could mean the bulls are in complete dominance. I'm waiting for a break above the hourly resistance line 12066 to confirm a bullish move towards 1.210. This is from a bullish perspective, if the price is rejected from the resistance line 1.2066, or breaks below 1.1987, this will lead to a move to the lower side towards 1.1922 or even lower to 1.1836.
Technical levels:
Resistance levels
R3:1.22280
R2:1.21437
R1:1.20825
Pivot
1.19982
Support Levels
S1:1.19370
S2:1.18527
S3:1.17915
Trade Signal
Wait for a clear breakout above 1.2066 to long Eur towards 1.210
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
