Look for long positions towards 1.2490 | 20 September 2017

20 September 2017, EUR/USD

Look for long positions towards 1.2490

Technical Observation:

Eur continues to rally within a tight range but is currently showing signs of picking a momentum to the upper side. Today, I expect a bullish rise towards the 4 hour resistance line 1.2069 and even a breakout above it to continue long towards 1.2490. As it is, Eur is good for buying and therefore only a perfect buy position is worth waiting for. On its way upwards, key resistance lines can be seen around 1.2069, 1.2135 and 1.2490. If these lines are broken, then a rise towards 1.2500 will be the next ideal move.

Technical levels:
Resistance levels
R1: 1.2039
R2: 1.213
R3: 1.2322
Pivot
1.1938
Support Levels
S1: 1.1554
S2: 1.1746
S3: 1.1846

Trade Signal
Look for long positions towards 1.2490

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Imelda Maseno
Analyst of «FreshForex» company
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